Table 1.5    Crude oil supply costs by PSAC Area, 2017
Area	Formation	Type of well	Type of oil	Total measured depth	Initial productivity	Total capital cost		Fixed operating cost		Variable operating cost		Crude oil supply cost- single well		Crude oil supply cost- multiwell pad with 4 wells
				(m)	(m3/d)	(Cdn$000)		(Cdn$000/year)		(Cdn$/m3)		(Cdn$/bbl)		(Cdn$/bbl)
PSAC 2	Cardium	Horizontal	Sweet light	3 200	11.9	2 605		69.13		42.79		33.71		28.93
PSAC 2	Cardium	Horizontal	Sweet medium	3 600	10.7	2 831		56.90		34.93		49.34		27.24
PSAC 2	Spirit River	Horizontal	Sweet light	4 230	8.8	4 419		60.55		42.79		62.02		47.43
PSAC 3	Sunburst	Vertical	Sweet medium	1 540	3.4	844		36.00		77.09		55.06		n/aa
PSAC 3	Banff	Horizontal	Sour medium	3 800	7.8	4 153		29.15		80.86		79.92		60.17
PSAC 4	Lloyd SS	Horizontal	Sweet heavy	1 100	8.0	978		62.90		59.78		31.17		n/aa
PSAC 4	Sparky SS	Horizontal	Sweet heavy	1 600	8.0	1 138		62.90		59.78		29.64		24.36
PSAC 5	Rock Creek	Horizontal	Sweet medium	2 300	6.4	1 895		57.18		39.96		42.28		36.10
PSAC 5	Cardium	Horizontal	Sweet light	2 600	13.1	2 265		69.13		42.79		35.05		28.42
PSAC 7	Gilwood	Vertical	Sweet light	1 770	7.0	1 327		64.30		73.63		42.88		n/a
PSAC 7	Keg River	Horizontal	Sweet light	2 050	12.1	2 688		172.53		22.03		53.46		47.35
PSAC 7	Beaverhill Lake	Directional	Sweet light	2 500	5.4	2 027		64.30		73.63		52.30		n/a
PSAC 7	Montney	Horizontal	Sweet light	4 000	9.8	4 401		70.68		83.70		82.70		64.39
Note: Cost data from petroCUBE, and PSAC’s 2017 Well Cost Study (published in April 2017) has been used to estimate the supply costs in PSAC areas.
a Not available (n/a).
Revised July 2018.