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Cost Per Foot Calculation Bit cost (B), $ Rig cost (CR), $/hr Rotating time (t), hrs

Round trip time (T), hrs Footage per bit (F), ft Cost per foot , $/ft 25,000 900 65 6 1,300 68.38 Input cells calculated cells www.drillingformulas.com

Drilling cost per foot http://www.drillingformulas.com/drilling-cost-per-foo

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