The climate of Salt Lake City varies widely. Lying in the Salt Lake Valley, the city is surrounded by mountains and the Great Salt Lake. The city has four distinct seasons: a cold, snowy winter; a hot, dry summer; and two relatively wet transition periods.
The price of oil rigs for land drilling in the United States typically starts at around $18 million to $20 million and goes up to around $25 million, but it can be nearly twice that amount depending on the specific rig purchased. The least-expensive rigs are those classified as U.S. small footprint land rigs.
The average total drilling cost in 2008 was roughly $2.5 to $3 million for a 15,000-foot well, while a 20,000-foot well often cost as much as $3.5 to $4 million. In 2013, the average total drilling cost for a 21,000-foot well is approximately $3 to $3.5 million.Oil and gas operators in the Bakken have seen EURs for dual laterals increase from an average of approximately 375,000 barrels of oil in 2008 to more than 600,000 barrels of oil equivalent in 2013.n addition to drilling an extra 5,000 feet or more, the time to drill a well to TD has decreased significantly. Five years ago, 16,000-foot wells were taking an average of 32 days to drill.