CostIQ is a 3-year forecast of cost increases for key drilling and completion cost drivers, in aggregate and by key US region.
Forecast Analysis
- 3-year forecast of D&C cost escalation, segmented into major categories
- Includes strategic discussion of trends driving increases and/or decreases
- Updated bi-annually (every 6 months)
- PacWest utilizes three quantitative methods to forecast prices changes for each market segment:
- Multi-variable regression
- Demand/supply models
- Macroeconomic models
Cost Segments
- Drilling
- Land rigs
- OCTG
- Drilling fluids
- Cementing services
- Completion
- Pressure pumping services
- Proppant
- Frac chemicals
- Completion hardware
- Completion rigs
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