Processes
Evaluate well costs
How evaluate well costs are reshaped as AGI capability advances.
ProcessesEvaluate well costs
Business-as-Code
Read as an executable program — the work decomposed into Code, Generative, Agentic, and Human.
Evaluate well costs sits inside a larger value-flow — 1 parent structure it composes into. The hierarchy is grounding, not the story: it tells you which aggregate exposure Evaluate well costs inherits.
Where Evaluate well costs sits
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How the work flows
Trigger: A drilling prospect is prioritized and its preliminary well design is completed.
- Receive well trajectory and completion design specifications
- Determine required materials, rig time, and specialized services
- Source current market rates for equipment and contractors
- Model financial scenarios including non-productive time risks
- Compile total estimated costs into an Authorization for Expenditure (AFE) document
- Compare projected well costs against economic viability thresholds
Outcome: A finalized well cost estimate is generated and submitted for Authorization for Expenditure (AFE) approval.
Measured by
AFE VarianceCost Estimation Cycle TimeCost Per Foot Estimated