Costs of Crude Oil and Natural Gas Wells Drilled

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	Costs of Crude Oil and Natural Gas Wells Drilled

Period:

Annual

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Definitions, Sources & Notes

2001

2002

2003

2004

2005

2006

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History

Thousand Dollars per Well

All (Real*)

921.1

1011.9

1,127.4

1,528.5

1,522.7

1,803.0

1960-2006

All (Nominal)

943.2

1054.2

1,199.5

1,673.1

1,720.7

2,101.7

1960-2006

Crude Oil (Nominal)

729.1

882.8

1,037.3

1,441.8

1,920.4

2,238.6

1960-2006

Natural Gas (Nominal)

896.5

991.9

1,106.0

1,716.4

1,497.6

1,936.2

1960-2006

Dry Holes (Nominal)

1620.4

1673.4

2,065.1

1,977.3

2,392.9

2,664.6

1960-2006

Dollars per Foot

All (Real*)

177.68

187.46

203.25

267.28

271.24

324.30

1960-2006

All (Nominal)

181.94

195.31

216.27

292.57

306.50

378.03

1960-2006

Crude Oil (Nominal)

153.72

194.55

221.13

298.45

314.36

402.45

1960-2006

Natural Gas (Nominal)

172.05

175.78

189.95

284.78

280.03

348.36

1960-2006

Dry Holes (Nominal)

271.63

284.17

345.94

327.91

429.92

479.33

1960-2006

- = 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: 2/4/2010

Next Release Date: 3/3/2010