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.
For example, two well drilling companies -- one in Pennsylvania and one that covers New Hampshire, Vermont and central Massachusetts -- state the cost for drilling a well and outfitting it with pump equipment averages between $5,000 and $7,000, at the time of publication.t the time of publication, average per-foot drilling costs range from $15 to $30. The factors to consider when drilling a well include: 1  Permit fees. 2  Well depth. 3  Geological makeup of the ground. 4  Per-foot drilling costs. 5  Well caps and seals. 6  Well equipment costs.