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Simba Essel Energy Inc SMBZF

Simba Essel Energy Inc is a Canadian exploration company. Its principal business activity includes the acquisition and exploration of resource properties. The company engages in the process of exploring its oil and gas properties.


GREY:SMBZF - Post by User

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Comment by blackredon Nov 20, 2012 9:20am
130 Views
Post# 20621062

RE: RE: RE: Drilling costs MR BLANKHEAD

RE: RE: RE: Drilling costs MR BLANKHEAD

Blind bich

Stop taking out your failures on SLG and MART on the Simba thread. Your sounding like Merliar lol. The figures do not lie MerLIAR.

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. ;-)))

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