Free Tool · LOE Benchmark

LOE Benchmarking Calculator

Compare your lease operating expense against Appalachian Basin medians, by asset type. Surface where the variance is and what the gap to the basin median is worth annually.

Your operation

Asset type

Number of producing wells

Annual LOE total ($)

Lease operating expense — exclude G&A, taxes, depreciation

Annual production (BOE)

Convert gas to BOE at 6 Mcf : 1 BOE

Result

Your LOE / well / month

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Annual LOE ÷ wells ÷ 12

Your LOE / BOE

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Annual LOE ÷ annual BOE

Savings opportunity

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Annual, at basin median

Variance vs basin median

LOE per well per month

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Basin median (your asset type)

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benchmark

LOE per BOE

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Basin median LOE/BOE

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benchmark

Want a written breakdown of why the variance is there?

A 30-minute discovery call with Cornerstone covers what the cost drivers most likely are for your specific asset type, and whether the 90-Day LOE Diagnostic is the right next step. No pitch, no pressure.

Schedule a discovery call

Methodology & sources

Basin medians used in this calculator are derived from public industry data, including:

EIA Form EIA-23L (oil and gas annual operating cost data)
State production reports — PA DEP, Ohio ODNR, WV OOG
Industry research benchmarks — Wood Mackenzie, Enverus, Bloomberg Energy, Hart Energy
Appalachian operator earnings transcripts (public E&P companies)

Medians shown represent operating cost ranges typical for late-life conventional verticals, mature Marcellus horizontals (3+ years), and mature Utica horizontals (3+ years). Newer wells in primary decline can run materially higher LOE/BOE due to lower gross production. Field water-handling intensity, gathering arrangements, and contractor mix drive most of the per-well variance.

Output is indicative, not engineering-grade. A real LOE diagnostic compares against peer comparables matched on asset age, water cut, depth, and operating area — not just basin-wide medians.