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.
North Carolina Advance of Well Costs
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State:
Multi-State
Control #:
US-OG-693
Format:
Word;
Rich Text
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FAQ
Any newly constructed or repaired well must have a permit issued by the Health Department. You will need to apply for a permit by filling out and submitting an application. You must pay a permit fee for new wells and well repair permits. There is no charge for a well abandonment permit.
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.
On average, a well costs around $7500-$9000. This includes all costs pertaining to drilling and the installation of the pumping system. Conditioning equipment is required in some cases and typically ranges from $2500-$4000.
Here in the state of North Carolina, the average well installation cost falls somewhere between $6,500 and $7,500.
Digging is the least expensive way to create a well, but it's limited to about 100 feet in depth. Digging can also be thwarted by highly compacted or rocky soil. You can create a shallow well of up to 50 feet by driving a small-diameter pipe into the ground and removing the soil from inside.
The average cost to put in a new water well is $3,750 to $15,300 while installing a well and septic system costs $6,000 to $20,000. Well drilling costs $25 to $65 per foot for a complete installation, or $15 to $25 per foot just to drill.
How deep will my well be? Most wells will vary depending on the area. Wells in the eastern NC area range between 60' to 425'.