ProFoxx Asset Retirement Management
Cut & Cap Program
Lloydminster & Provost areas · Anticipated start October 1, 2026. A line-item pricing response from Innovative Well Abandonment and Competition Well Services, structured to ProFoxx's scope exactly as requested.
Lloydminster & Provost
Innovative Well Abandonment
Equipment, experience, and safety systems behind the program.
Equipment
- Ultra-high pressure water jet cutting truck
- Case 590, rubber tire backhoe
- Crew truck + Dump Trailer
- 1MM BTU Steamer Systems Onboard
- Dual Intensifier Pumping System
Experience
- 17K+ Abandoned Wells Cut & Capped
- 3,735 Piles Cut
- 735+ Risers Removed
- 15yrs+ Industry Experience
Safety & Systems
- TRIF of 0
- Comply Works
- ISN
- AVETTA
- 8AM Solutions
- SECOR
Compliant on
WorkHub · COR Workplace Safety · ISNetworld · ComplyWorks · Avetta · WorkSafeBC
Documentation & Invoicing Protocol
Every requirement in the ProFoxx scope, built into daily field execution.
Sitewide Daily Photo Record
End-of-day pictures for every wellhead cut and removed, filed per well, signage, centralizer, casing, backfill.
Field Tickets
Each ticket clearly identifies the wells completed and all applicable charges.
Approved & Stamped
No invoicing until field tickets are approved and stamped in the field.
OpenInvoice Submission
Invoices submitted directly to OWA through OpenInvoice.
HSE Verification
Safety pre-qualification, SECOR, insurance, and orientation packages confirmed.
Legal Authorization
Master service agreements, OWA program acknowledgements, and site access.
Financials
OpenInvoice onboarding with fixed-timeline pricing — no budget surprises.
The Strategic Edge: IWA Partnership
Side-by-side: how IWA reframes a standard cut and cap engagement.
Rate Schedule
Structured line-for-line against the ProFoxx pricing request.
Regardless of casing or wellhead size.
- Minimum productive field time10 hrs / day
- Excludes travel to first & from last well—
- Target output~12 wells / day
- Crew & equipment$375 / hr
- Crew truck mileage$1.50 / km
- Crew 1 — Lloydminster based (local)No charge
- Lloydminster to Provost$750
- Crew 2 — Edmonton to Lloydminster / Provost$1,500
Cut wellheads moved to the steel-field dumpster.
- On-site delays outside crew control$450 / hr
- Second crew standby$2,500 / day
No overtime is applicable for this project. Standard day covers daylight operating hours only.
- Crew 1 (local)No subsistence
- Crew 2 subsistence$50 / person / day
- Crew 2 accommodation$175 / person / day
Assumptions & Qualifications
Stated up front so the final cost carries no surprises.
Fuel Surcharge
No fuel surcharge applied. Rates are quoted all-in, consistent with OWA's request to remove surcharges.
Site Condition Assumptions
Sites are prepped and accessible ahead of the crew — any line locates or ground disturbances permits are in place, and lease access maintained for equipment and crew.
Worktime Hours
IWA requires a minimum of 10 hours of productive field time. With travel to the first site and the last site outside of the 10-hour working time.
No Overtime
No overtime is applicable for this project. The standard day is based on daylight operating hours; hours beyond the standard day are not billed at an overtime rate.
Two-Crew Ramp
Pricing assumes one cut and cap truck/crew at start-up, scaling to two crews approximately one week into the program to complete the work ahead of winter conditions.
Standby & Weather
Standby applies for client-caused delays, wet or frozen access, and regulatory holds outside our control, billed hourly per crew.
Leadership & Next Steps
ProFoxx Asset Retirement Management
Innovative Well Abandonment
ProFoxx Asset Retirement Management
Submit final rate sheet to ProFoxx
By September 3, 2026