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.
The depth of the well drives the per-foot cost of drilling it. 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.A mid-range price of $22.50 per foot results in a $2,700 well, while a $30 per foot well costs $3,600 not including permit fees and equipment costs. What lies under the ground can figure into the cost as well.A well drilled in solid rock might not require the casing, but it can also affect the depth of the well. Wells drilled in solid rock can be as deep as 400 feet or more. At $15 per foot, that equates to $6,000. At $22.50 per foot expect to pay $9,000.t $15 per foot -- including drilling and casing -- a 120-foot well costs $1,800. A mid-range price of $22.50 per foot results in a $2,700 well, while a $30 per foot well costs $3,600 not including permit fees and equipment costs. What lies under the ground can figure into the cost as well.