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Updated: October 8, 2026
One driller lost his tools altogether in a well, and finished it with new ones. The cost of putting down a well is from $5,000 to $7,000, depending upon depth, etc. Most of the wells are from 1,200 to 1,500 feet, but some have yielded at a much less depth. One well of 270 feet depth produced 40 barrels per day for about three years, has been deepened, and is now yielding even more.