US drilling operations generally charge by the ft rather than by the hour, reduced drill speed is of no real consequence other than holding up results by a few weeks.
"Wells are priced at a per foot rate with a possible mobilization fee depending on the well location. The per foot rates may fluctuate with the rise and fall of material and fuel prices."
http://grimshawdrilling.com/
Ann: Red Valley Drilling Update, page-11
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