GREY:SMBZF - Post by User
Post by
blackredon Nov 19, 2012 5:07pm
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Post# 20619444
Drilling costs and Info
Drilling costs and Info
The drilling company operates in accordance with a contract which specifies that the well will be drilled to a specific depth. The contractor is paid on a per day or per foot drilling rate.
In 2007 it cost $4 million to drill an oil well and $3.9 million to drill a natural gas well. The average cost to drill a well was $574/foot of depth.
We have here Average costs....
Reference
https://www.petrostrategies.org/Learning_Center/drilling_operations.htm
Paragraph 4. ;-)))
ATb
BR