The climate of Salt Lake City varies widely. Lying in the Salt Lake Valley, the city is surrounded by mountains and the Great Salt Lake. The city has four distinct seasons: a cold, snowy winter; a hot, dry summer; and two relatively wet transition periods.
The price of oil rigs for land drilling in the United States typically starts at around $18 million to $20 million and goes up to around $25 million, but it can be nearly twice that amount depending on the specific rig purchased. The least-expensive rigs are those classified as U.S. small footprint land rigs.
Fig. 2âRig cost compared to casing capacity of the derrick and substructure. Standby rates for drilling rigs usually range from U.S. $200 to $500/day less than the amounts shown in Fig. 2. The rates include crews and drillpipe. The costs are used to estimate move-in and move-out charges.