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    Bit Cost Per Foot Calculation

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    Hammad Khalid
    To calculate the cost per foot of drilling, inputs include the bit cost of $25,000, rig cost per hour of $900, rotating time of 65 hours, round trip time of 6 hours, and footage drilled per bit of 1,300 feet. Using these inputs, the calculated cost per foot of drilling is $68.38.

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    Bit Cost Per Foot Calculation

    Uploaded by

    Hammad Khalid
    73 views2 pages
    To calculate the cost per foot of drilling, inputs include the bit cost of $25,000, rig cost per hour of $900, rotating time of 65 hours, round trip time of 6 hours, and footage drilled per bit of 1,300 feet. Using these inputs, the calculated cost per foot of drilling is $68.38.

    Original Description:

    bIT COST PER FOOT CALCULATION SHEET

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    To calculate the cost per foot of drilling, inputs include the bit cost of $25,000, rig cost per hour of $900, rotating time of 65 hours, round trip time of 6 hours, and footage drilled per bit of 1,300 feet. Using these inputs, the calculated cost per foot of drilling is $68.38.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    73 views2 pages

    Bit Cost Per Foot Calculation

    Uploaded by

    Hammad Khalid
    To calculate the cost per foot of drilling, inputs include the bit cost of $25,000, rig cost per hour of $900, rotating time of 65 hours, round trip time of 6 hours, and footage drilled per bit of 1,300 feet. Using these inputs, the calculated cost per foot of drilling is $68.38.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    of 2

    Cost Per Foot Calculation

    Input cells
    Bit cost (B), $ 25,000 calculated cells
    Rig cost (CR), $/hr 900 www.drillingformulas.com
    Rotating time (t), hrs 65
    Round trip time (T), hrs 6 Drilling cost per foot
    Footage per bit (F), ft 1,300 http://www.drillingformulas.com/drilling-cost-per-foo
    Cost per foot , $/ft 68.38
    ulas.com/drilling-cost-per-footdrilling-cost-per-foot/

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