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2003 average costs of drilling onshore wells i

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    Below link refers to table information I tried to post regards 2003 average costs of drilling onshore wells in USA.

    Para#1 was TD of 16471 feet

    Para#2 is susposed to be TD of 15500 feet (1000 feet less than Para#1 as updip in location)

    http://pangea.stanford.edu/ERE/pdf/IGAstandard/SGW/2006/augustin.pdf

    Table 1. Average costs of oil and gas onshore wells drilled in the US during the year 2003 from JAS data for listed depth intervals

    Drilled(Ft) Av.Depth(Mtrs) Av.Depth(Ft) Cost(US$M)
    1250-2499 557 1826 0.227
    2500-3749 964 3162 0.267
    3750-4999 1329 4359 0.3
    5000-7499 1912 6272 0.543
    7500-9999 2613 8572 1.01
    10000-12499 3380 11087 2.033
    12500-14999 4092 13424 2.949
    15000-17499 4868 15969 5.168
    17500-19999 5648 18526 11.177

    Fig. 1. Completed onshore oil and gas well costs in year 2003 US$ as a function of depth.

    So we are looking at 2003 prices of $3 to $5 million for Para#2 drill and completion costs
 
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