Through our relentless focus on efficiency, we expect our total 2017 drilling and completion costs will be flat or down year-over-year despite inflation for some services.
In an unconventional well that requires fracking to get the oil flowing, completion costs can account for as much as two-thirds of the cost of the well.
Consequently, the railway companies began to withhold as much as twenty-percent of contractors' payments to ensure performance and offset completion costs should the contractor default.