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.
I am not a mathematician, but $9000 divided by the depth, 275 ft, equals approx $33 per foot, not $100. That includes the cost of the pump, pressure tank, piping to house, wiring to and from house, all labor, and well test/water test. So the per foot cost of drilling is probably closer to $20. $100.00 per foot <br />That estimate seems extremely high, but I'm sure that the actual costs will depend greatly on the local market situation and geology. Here in northern Maine, my well was around $9000.00 complete.