This issue of Cost Watch reflects current estimates of inflation pressures in the oil and gas industry through the end of 2011. Results from September through December 2011 are subject to revision but key conclusions are not likely to change.

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This entry was posted on January 25, 2012 at 1:42 PM and has received 230 views. Print this entry.

Annual Average & Year to Date Cost Results:

On a year over year basis, downside pressures abated as the market for drilling, services and equipment reached a tentative supply/demand balance. As a result, the cost series that we track stabilized at levels at or slightly below 2009. Revised data for November 2010 reduced the prior estimate of deflation in 2010 for drilling cost and increased the deflation estimate for oil and gas support activities slightly.

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This entry was posted on April 30, 2011 at 11:51 AM and has received 138 views. Print this entry.

Annual Average & Year to Date Cost Results:

On a year over year basis, downside pressures abated as the market for drilling, services and equipment reached a tentative supply/demand balance. As a result, the cost series that we track stabilized at levels at or slightly below 2009. This was true despite numerous reports of shortages of service capacity.

This entry was posted on March 25, 2011 at 9:53 AM and has received 110 views. Print this entry.