The due process clause of the Fifth Amendment, ratified in 1791, asserts that no person shall be deprived of life, liberty, or property, without due process of law. This amendment restricts the powers of the federal government and applies only to actions by it.
The cost to drill an oil well can vary. A conventional vertical well in central Canada can cost as low as $350,000, a horizontal well with hydraulic fracturing in North Dakota can be as high as $5,000,000 and an off-shore well in the Gulf of Mexico or the North Sea can be a $20 or $30 million monster.nce a well begins producing oil there are ongoing costs that include water disposal, trucking, storage and other various operating necessities. These are calculated as a cost per barrel and can varry as low as $15 and as high as $80 depending on where the well is located and what type of oil is being produced.
Even if the contractor fails to find water, the homeowner pays for every foot drilled. An average well depth in Indiana, for example, runs about 120 feet deep. At $15 per foot -- including drilling and casing -- a 120-foot well costs $1,800.