Drilling Cost Calculator
Estimate per-foot and total drilling cost from rig rate and depth.
Inputs
ft
$/ft
$/day
ft/hr
hrs
$
$
Results
Total Drilling Cost
$1,112,500
All-in Cost/Foot
$111.25
Rig Cost$312,500
Drilling Days12.5 days
Drilling Hours200 hrs
How to Use This Calculator
- Enter total measured depth (ft), bit and service cost per foot ($/ft), and rig day rate ($/day).
- Enter average rate of penetration (ft/hr) and planned drilling days.
- Read total drilling cost ($) and cost per foot drilled.
- Review rig cost, bit/service cost, and AFE contingency breakdown.
- Compare AFE (authorization for expenditure) to actual cost drivers to identify overruns.
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