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1250- 2499 2500- 3749 3750- 4999 5000- 7499 7500- 9999 10000- 12499 12500- 14999 15000- 17499 MIT Composite Drilling Cost Index 6-34 Table A.6.2 Values of MIT Depth Dependent (MITDD) drilling cost index made using average cost per well for each depth interval from Joint Association Survey on Drilling Costs (1976-2004), with data smoothed using a three-year moving average. MIT Composite drilling cost index included for comparison. MITDD Drilling Cost Index Depth Interval (Feet) Year 17500- 19999 Depth Interval (Meters) 5334- 6096 1972 48.9 1973 57.2 1974 67.0 1975 78.4 1976 91.7 1977 100.0 1978 119.9 1979 154.4 1980 214.8 1981 269.0 1982 279.1 1983 270.2 1984 216.6 1985 181.3 1986 162.6 1987 146.5 1988 153.4 1989 162.9 1990 174.3 1991 162.5 1992 161.5 1993 150.8 1994 142.7 1995 153.9 1996 167.1 1997 180.9 1998 182.3 1999 190.8 2000 189.9 2001 253.2 2002 307.9 2003 489.4 2004 542.7 1. Depth interval indicates vertical well depth. 2. Index for years prior to 1976 made assuming 17% annual inflation factor. Chapter6 DrillingTechnologyandCosts 47.3 55.4 64.8 75.8 88.7 100.0 119.7 141.2 163.3 205.4 232.2 175.3 154.1 156.8 149.7 128.1 141.5 155.3 165.6 173.6 149.6 152.6 164.1 178.6 186.1 198.1 221.7 227.9 227.9 282.8 310.3 489.4 542.7 381- 761 49.4 57.8 67.6 79.1 92.5 100.0 114.3 132.8 152.1 161.7 165.5 158.9 155.1 151.7 150.8 152.3 162.4 177.3 183.7 190.1 198.3 201.7 202.7 198.6 210.0 226.6 238.8 237.1 231.5 287.8 364.6 328.6 354.8 762- 1142 50.3 58.8 68.8 80.5 94.2 100.0 109.1 126.4 149.3 163.1 165.6 160.7 155.3 155.1 149.1 127.4 129.3 148.0 190.0 199.3 196.6 173.7 169.4 165.8 178.2 191.0 202.7 205.7 200.0 231.4 265.0 268.8 288.9 1143- 1523 49.8 58.2 68.1 79.7 93.3 100.0 110.2 127.0 152.4 167.1 169.0 160.0 150.4 144.8 136.3 125.1 127.8 140.3 152.2 157.0 154.0 147.4 149.9 151.2 160.5 170.0 179.2 186.5 186.0 212.8 228.3 314.6 343.2 1524- 2285 50.0 58.5 68.4 80.1 93.7 100.0 112.9 132.6 161.3 180.1 181.6 168.5 154.9 150.6 140.5 127.4 124.5 132.1 138.6 138.5 133.9 129.8 135.4 144.2 159.3 170.4 177.9 185.0 185.7 224.8 220.3 346.2 382.8 2286- 3047 48.5 56.8 66.4 77.7 91.0 100.0 117.4 139.9 169.7 188.3 190.5 173.6 153.7 148.3 142.3 134.4 136.5 147.6 153.7 145.4 134.9 128.9 131.4 141.0 151.8 163.6 169.8 179.2 182.5 226.6 248.4 328.7 356.5 3048- 3809 47.5 55.6 65.0 76.1 89.0 100.0 117.0 136.0 162.3 183.7 185.5 168.6 144.8 139.0 133.1 131.9 133.5 142.6 145.3 140.5 134.9 132.4 134.7 137.4 133.7 136.3 142.8 157.3 165.6 198.4 229.0 312.2 343.7 3810- 4571 49.1 57.4 67.2 78.6 92.0 100.0 116.9 138.0 171.7 206.3 216.5 203.6 165.1 149.0 138.8 132.4 129.2 135.8 139.3 127.1 118.2 114.5 123.7 136.2 143.7 157.3 161.3 169.1 167.8 203.9 222.4 300.1 314.0 4572- 5333 49.5 58.0 67.8 79.3 92.8 100.0 117.1 140.4 180.6 221.4 236.4 225.5 193.6 176.7 171.4 150.4 146.2 157.2 164.9 153.3 136.3 111.3 110.3 125.2 142.7 165.4 170.8 181.8 189.4 233.7 247.8 334.5 347.2PDF Image | The Future of Geothermal Energy
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