Kansas Geological Survey, Open-file Report 1999-55
Kansas oil and gas exploration; 10 year history and future strategies
Previous Page--Opportunities by County

Future Exploration Programs...

Efficiently Budgeted, Spatially Limited, with Proper Reservoir Focus will have the Lowest Finding Costs*

• Operators Drilling > 50,000 ft/yr. (10 - 15 wells/yr.)
  • Average Finding Cost $12.79/bbl
  • Range($/bbl): $2.41 to $28.94
  • Need to focus on Southwest Kansas
  • Large Operators active outside of SW Kansas
  • ALL have Finding Cost > $10/bbl (most above $20/bbl)
• Operators Drilling < 50,000 ft/yr.
  • Average Finding Cost: $9.04/bbl
  • Range($/bbl): $1.51 to $24.06
• Operators Drilling < 20,000 ft/yr.
  • Average Finding Cost: $6.22/bbl
  • Range($/bbl): $2.34 to $11.04

* unless you happen to own leases in the Hugoton Gas Field

Kansas Geological Survey, Petroleum Research Section
Updated January 2000
Comments to webadmin@kgs.ku.edu
The URL for this page is HTTP://www.kgs.ku.edu/PRS/publication/1999/ofr55/slide32.html