Well No. Bit Type Depth in (ft) Depth out (ft) Rotating Time (hrs) Trip time (hrs) 1 XX 5,468 8,138 144 8 2 XY 4,973 7,795 180 8
Well No. Bit Type Depth in (ft) Depth out (ft) Rotating Time (hrs) Trip time (hrs) 1 XX 5,468 8,138 144 8 2 XY 4,973 7,795 180 8
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
Related questions
Question
Determine the cost/ft for the following bit types which
were used to drill the same type of formation in three wells.
Which bit would you select for the next well?
Assume bit cost = $10,000 and rig cost= 900 $/hr
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