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.

That means drilling horizontal wells as shallow as ... but Thompson is hoping for at least 10 times the bounty of a vertical shallow well and a quicker payback period – about 18 months, compared ...

The current operation at the well is preparing to drill a shallow side track hole. Current interpretation of the results of the drilling and wireline logging program suggest that: The main zone of ...