Kansas License Agreement (For Natural Gas Pipeline)
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How to fill out License Agreement (For Natural Gas Pipeline)?
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FAQ
A financial consultant, investment manager, or investment broker will be able to look at your portfolio of assets and help you make an informed decision on how much you should be investing in an oil well. Investing in an oil well is usually a large investment ranging from $100,000 to over 1 million dollars USD.
All in all, the average Permian well costs between $6.6 - 8.1MM with total costs/1,000ft. between $1.1MM and $1.4MM. On income statements, drilling and completion expenses are listed under capital expenditures.
The Conservation Division of the Kansas Corporation Commission (KCC) regulates oil and natural gas production in the state per the Kansas Administrative Regulations.
Cost depend on the depth and complexity of the well. Modern horizontal well drilling costs can easily exceed $4,000,000 just in the drilling phase. Without drilling complications these wells generally take about 3 weeks for the drilling phase.
The average depth of a Kansas well today is approximately 3,500 feet. The cost of drilling and equipping an average 3,500-4,500 foot well can be approximately $450,000. At approximately $180,000, the cost of a 3,500-4,500 foot dry hole is considerably less than a fully equipped producing well.
Kansas Frequently Asked Questions QuestionsAnswersHow many active producers are there in Kansas?There are currently 408 active producers in the state of Kansas.What is the average depth an oil or gas well is drilled in Kansas?2,633 feet is the average depth of a well in Kansas.4 more rows
Kansas Frequently Asked Questions QuestionsAnswersHow many active producers are there in Kansas?There are currently 401 active producers in the state of Kansas.What is the average depth an oil or gas well is drilled in Kansas?2,633 feet is the average depth of a well in Kansas.4 more rows