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Q: How much does it cost to run a oil rig?
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How much does it cost on average per foot to drill a oil well?

use the formula Cf = Cb + Cr (tb + tc + tt) / D WHERE Cf is cost per ft Cr is cost of the rig per hr tb is total rotating time during the bit run tc is non-rotating time during the bit run tt is trip time D is the target well depth


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