the research consultancy for energy technologies

Economic Model

  • Should a shale rig switch to gas-fuel?

    Should a shale rig switch to gas-fuel?

    Should a shale rig switch to gas-fuel? We estimate that a dual-fuel shale rig, running on in-basin natural gas would save $2,300/day (or c$30k/well), compared to a typical diesel rig. This is after a >20% IRR on the rig’s upgrade costs.

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