merits of this discussion
dmschanoes at earthlink.net
Tue Nov 11 06:54:57 MST 2003
That would be great if it-- drilling cost rises-- were permanent; if finding
costs didn't show a downward bias; if lifting costs didn't show declines.
But that has not been the case. That is not the case. Drilling costs are
production costs. And like every other part of capitalist production, these
costs are subject to intense rationalization, to reduction.
----- Original Message -----
From: "Jon Flanders" <jonathan.flanders at verizon.net>
These wells drive up drilling costs because they are deeper or located in
more difficult environments, making them more expensive to drill. Higher oil
prices also lead to increases in drilling costs because energy costs are a
major component of total drilling costs.
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