February 10, 2018

As commodity prices stabilize and operators transition from resource capture to development and consolidation, corporate planners and investors are turning their attention to full-cycle economics in their decision making. Full-cycle economics include land acquisition costs and corporate-level expenses, while half-cycle economics account for just the drilling, completing and tie-in costs and represent a binary “drill/no-drill” decision,Figures 1 and 2. Full-cycle