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634 1972 47.3 49.4 50.3 49.8 50.0 48.5 47.5 49.1 49.5 48.9 1973 55.4 57.8 58.8 58.2 58.5 56.8 55.6 57.4 58.0 57.2 1974 64.8 67.6 68.8 68.1 68.4 66.4 65.0 67.2 67.8 67.0 1975 75.8 79.1 80.5 79.7 80.1 77.7 76.1 78.6 79.3 78.4 1976 88.7 92.5 94.2 93.3 93.7 91.0 89.0 92.0 92.8 91.7 1977 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 1978 119.7 114.3 109.1 110.2 112.9 117.4 117.0 116.9 117.1 119.9 1979 141.2 132.8 126.4 127.0 132.6 139.9 136.0 138.0 140.4 154.4 1980 163.3 152.1 149.3 152.4 161.3 169.7 162.3 171.7 180.6 214.8 1981 205.4 161.7 163.1 167.1 180.1 188.3 183.7 206.3 221.4 269.0 1982 232.2 165.5 165.6 169.0 181.6 190.5 185.5 216.5 236.4 279.1 1983 175.3 158.9 160.7 160.0 168.5 173.6 168.6 203.6 225.5 270.2 1984 154.1 155.1 155.3 150.4 154.9 153.7 144.8 165.1 193.6 216.6 1985 156.8 151.7 155.1 144.8 150.6 148.3 139.0 149.0 176.7 181.3 1986 149.7 150.8 149.1 136.3 140.5 142.3 133.1 138.8 171.4 162.6 1987 128.1 152.3 127.4 125.1 127.4 134.4 131.9 132.4 150.4 146.5 1988 141.5 162.4 129.3 127.8 124.5 136.5 133.5 129.2 146.2 153.4 1989 155.3 177.3 148.0 140.3 132.1 147.6 142.6 135.8 157.2 162.9 1990 165.6 183.7 190.0 152.2 138.6 153.7 145.3 139.3 164.9 174.3 1991 173.6 190.1 199.3 157.0 138.5 145.4 140.5 127.1 153.3 162.5 1992 149.6 198.3 196.6 154.0 133.9 134.9 134.9 118.2 136.3 161.5 1993 152.6 201.7 173.7 147.4 129.8 128.9 132.4 114.5 111.3 150.8 1994 164.1 202.7 169.4 149.9 135.4 131.4 134.7 123.7 110.3 142.7 1995 178.6 198.6 165.8 151.2 144.2 141.0 137.4 136.2 125.2 153.9 1996 186.1 210.0 178.2 160.5 159.3 151.8 133.7 143.7 142.7 167.1 1997 198.1 226.6 191.0 170.0 170.4 163.6 136.3 157.3 165.4 180.9 1998 221.7 238.8 202.7 179.2 177.9 169.8 142.8 161.3 170.8 182.3 1999 227.9 237.1 205.7 186.5 185.0 179.2 157.3 169.1 181.8 190.8 2000 227.9 231.5 200.0 186.0 185.7 182.5 165.6 167.8 189.4 189.9 2001 282.8 287.8 231.4 212.8 224.8 226.6 198.4 203.9 233.7 253.2 2002 310.3 364.6 265.0 228.3 220.3 248.4 229.0 222.4 247.8 307.9 2003 489.4 328.6 268.8 314.6 346.2 328.7 312.2 300.1 334.5 489.4 2004 542.7 354.8 288.9 343.2 382.8 356.5 343.7 314.0 347.2 542.7 1. Depth interval indicates vertical well depth. Chapter 6 Drilling Technology and Costs Table A.6.2 Values of MIT Depth Dependent (MITDD) drilling cost index made using average cost per well for each depth interval from Joint Association Survey on Drilling Costs (19762004), with data smoothed using a threeyear moving average. MIT Composite drilling cost index included for comparison. MITDD Drilling Cost Index Depth Interval (Feet) Year MIT Composite 1250 2500 3750 5000 7500 10000 12500 15000 17500 Drilling Cost 2499 3749 4999 7499 Depth Interval (Meters) Index 9999 12499 14999 17499 19999 381 762 1143 1524 2286 3048 3810 4572 5334 761 1142 1523 2285 3047 3809 4571 5333 6096 2. Index for years prior to 1976 made assuming 17% annual inflation factor.PDF Image | Drilling Technology and Costs
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