GREY:SMBZF - Post by User
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. ;-)))