This form is one which grants the Operator the right to request and receive from each Non-Operator payment in advance of its respective share of (i) the dry hole cost or (at Operator’s election) the completed well cost for the Initial Well to be drilled.
Kansas Advance of Well Costs
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Multi-State
Control #:
US-OG-693
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Word;
Rich Text
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How to fill out Advance Of Well Costs?
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FAQ
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.
Well Drilling The drilling of a modern shale well can take two to four weeks.
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
Well drilling costs $15 to $25 per foot for the drilling process only. Installing a complete well water system costs $25 to $65 per foot, irrigation wells run $50 to $100 per foot, and geothermal wells are $15 to $40 per foot. *Prices typically include drilling, pump, casing, and complete installation.
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.
In 2021, the average oil well produced 26 b/d (or roughly 33.5 BOE/d if including natural gas), and the average natural gas well produced about 181,647 cf/d (slightly more than 33.5 BOE/d of total oil and natural gas). The distribution by well size, however, is generally skewed.
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.
Depending on the conditions of the weather, ground and water depth as well as drilling conditions, it typically takes 1 to 3 days, sometimes longer, to drill a well. You should keep in mind that these factors vary from one site to another and from one well to another.