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Examples of operating expenses Accounting fees. Advertising and marketing. Insurance. Legal fees. License fees. Office Supplies. Maintenance and repairs. Rent.
Crude Oil Cost The cost to produce a barrel varies from about $20 per barrel in Saudi Arabias desserts to $90 per barrel for some deep-water wells. In the example below, the crude cost is $1.39 per gallon ($58.26 per barrel).
In Rystads 2020 analysis, at $31 a barrel, onshore Middle Eastern oil fields have the worlds lowest production cost. For deepwater wells, which would include some U.S. production, the number is $43 a barrel, and for North American oil produced through fracking (hydraulic fracturing), the cost is $44 a barrel.
Lifting costs (also called production costs) are the costs to operate and maintain wells and related equipment and facilities per barrel of oil equivalent (boe) of oil and gas produced by those facilities after the hydrocarbons have been found, acquired, and developed for production.
Raw material, wages on labor, production overheads, rent on the factory, etc. Marketing costs, sales costs, audit fees, rent on the office building, etc.
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accounting principles Cost finding is the process by which the company obtains estimates of the costs of producing a product, providing a service, performing a function, or operating a department.
The production cost of a barrel of shale oil ranges from as high as US$95 per barrel to as low US$25 per barrel, although there is no recent confirmation of the latter figure.
Operating costs refer to the costs incurred to maintain the day-to-day operations of your business. These include operating expenses like: rent, inventory costs. equipment. insurance.
Examples include rent, travel, utilities, salaries, office supplies, maintenance and repairs, property taxes and depreciation (see below for a more comprehensive list).
In Saudi Arabia and Kuwait, production costs per barrel rarely exceeded $10 per barrel throughout the study period, and median costs were $5.40 a barrel. At the 95th percentile, the production cost was about $10 per barrel.

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