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How much does it cost to drill an oil well?

Jackson Wilson | 2023-06-07 13:40:31 | page views：1108
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Noah Baker

Works at Facebook, Lives in Menlo Park. Holds a degree in Psychology from University of California, Los Angeles (UCLA).
The average drill cost per foot was lowered from $245 to $143. That means drilling costs have been reduced for Chesapeake by about 42 percent, which offsets the drop in the commodity cost. Other companies have reported cost reductions from 2014 to 2015. Bakken well costs dropped from $7.1 million to $5.9 million.Apr 7, 2016
2023-06-07 13:40:31
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Benjamin Davis

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The average drill cost per foot was lowered from $245 to $143. That means drilling costs have been reduced for Chesapeake by about 42 percent, which offsets the drop in the commodity cost. Other companies have reported cost reductions from 2014 to 2015. Bakken well costs dropped from $7.1 million to $5.9 million.Apr 7, 2016
The Current Costs for Drilling a Shale Well - Rose & Associates, LLP
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