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Well drilling, completion costs to rise in 2024: Dallas Fed survey

September 28, 2023 Comments Off

A majority of oil and natural gas operators expect well drilling and completion costs to rise in 2024 versus 2023, even as inflation has moderated from peak levels seen a year ago and some service costs have dropped, the most recent Dallas Federal Reserve Bank energy survey found Sept. 27. Some 60% of E&P company executives believe well service costs…