You may spend between $10 and $15 per foot on a shallow well. At 50 feet, that’s $500 to $750, plus the cost of materials. Drilling a geothermal well is an expensive project and is just one line ...

The move by the Minerals Management Service represented the first approval of a new shallow-water well since President Barack Obama last week lifted a ban on offshore drilling in less than 500 feet.

BP did design and drill the well that has so catastrophically failed in the Gulf. On one side of his chart, Leimkuhler showed the multiple check points and controls on one of his wells ...