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Costs of Crude Oil and Natural Gas Wells Drilled
Period:
 Annual 
2002 2003 2004 2005 2006 2007 View
History
Thousand Dollars per Well
             
All (Real*)
1,011.9 1,127.4 1,528.5 1,522.3 1,801.3 3,481.8 1960-2007
All (Nominal)
1,054.2 1,199.5 1,673.1 1,720.7 2,101.7 4,171.7 1960-2007
Crude Oil (Nominal)
882.8 1,037.3 1,441.8 1,920.4 2,238.6 4,000.4 1960-2007
Natural Gas (Nominal)
991.9 1,106.0 1,716.4 1,497.6 1,936.2 3,906.9 1960-2007
Dry Holes (Nominal)
1,673.4 2,065.1 1,977.3 2,392.9 2,664.6 6,131.2 1960-2007
Dollars per Foot
             
All (Real*)
187.46 203.25 267.28 271.16 324.00 574.46 1960-2007
All (Nominal)
195.31 216.27 292.57 306.50 378.03 688.30 1960-2007
Crude Oil (Nominal)
194.55 221.13 298.45 314.36 402.45 717.13 1960-2007
Natural Gas (Nominal)
175.78 189.95 284.78 280.03 348.36 604.06 1960-2007
Dry Holes (Nominal)
284.17 345.94 327.91 429.92 479.33 1,132.09 1960-2007
- = No Data Reported;  -- = Not Applicable;  NA = Not Available;  W = Withheld to avoid disclosure of individual company data.
Notes: *In chained (2000) dollars, calculated by using gross domestic product price deflators.  See Definitions, Sources, and Notes link above for more information on this table.
Release Date: 10/28/2014
Next Release Date: 11/17/2014