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Chapter 6 Drilling Technology and Costs 600 60 500 MIT Composite Drilling Cost Index 50 Crude Oil Prices 400 Natural Gas Price, Wellhead 40 300 30 200 20 100 10 00 1972 1977 1982 1987 1992 1997 2002 Year Figure 6.3 Crude oil and natural gas prices, unadjusted for inflation (Energy Information Administration, 2005) compared to MIT Composite Drilling Index. 614 250 25 200 20 150 15 100 10 50 MIT Composite Drilling Cost Index 5 0 Crude Oil Prices 0 1972 1977 1982 1987 1992 1997 2002 Natural Gas Price, Wellhead Year Figure 6.4 Crude oil and natural gas prices, adjusted for inflation (Energy Information Administration, 2005) compared to MIT Composite Drilling Index. Drilling Cost Index Value Drilling Cost Index Value Crude Oil Price ($/barrel) & Natural Crude Oil Price ($/barrel) & Natural Gas Price ($/Ten Thousand Ft3) Gas Price ($/Ten Thousand Ft3)PDF Image | Drilling Technology and Costs
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