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Energy Glossary
Costs of Crude Oil and Natural Gas Wells Drilled
Period:
Annual
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Definitions, Sources & Notes
1999
2000
2001
2002
2003
2004
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History
Thousand Dollars per Well
All (Real*)
874.8
754.6
921.1
1011.9
1128.4
1533.6
1960-2004
All (Nominal)
856.1
754.6
943.2
1054.2
1199.5
1673.1
1960-2004
Crude Oil (Nominal)
783.0
593.4
729.1
882.8
1037.3
1441.8
1960-2004
Natural Gas (Nominal)
798.4
756.9
896.5
991.9
1106.0
1716.4
1960-2004
Dry Holes (Nominal)
1115.5
1075.4
1620.4
1673.4
2065.1
1977.3
1960-2004
Dollars per Foot
All (Real*)
155.33
142.16
177.68
187.46
203.44
268.17
1960-2004
All (Nominal)
152.02
142.16
181.94
195.31
216.27
292.57
1960-2004
Crude Oil (Nominal)
156.45
125.96
153.72
194.55
221.13
298.45
1960-2004
Natural Gas (Nominal)
138.42
138.39
172.05
175.78
189.95
284.78
1960-2004
Dry Holes (Nominal)
182.99
181.83
271.63
284.17
345.94
327.91
1960-2004
-
= No Data Reported;
--
= Not Applicable;
NA
= Not Available;
W
= Withheld to avoid disclosure of individual company data.
Notes:
*In chained (2000) dollars, calculated by using
gross domestic product price deflators
. See Definitions, Sources, and Notes link above for more information on this table.
Release Date: 10/31/2008
Next Release Date: 11/28/2008