Chances of drilling success in the Sacramento Basin??
3 percent
The most active period of exploration occurred between 1960 and 1980. About 2,300 wells were drilled to depths that ranged from 3,000 to 10,000 ft, with several wells approaching 20,000 ft. The dry hole ratio is 35:1 (2,600:75) or a success rate of almost 3 percent (table 9.1).
(Just keeping it real Guys)
Ann: Trading Halt, page-31
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