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.
Those in exploration arenât doing so well because it costs $400,000 to $600,000 to drill a vertical well. But those who own a lot of producing wells are still making a profit. He estimates that the average cost to bring a barrel of oil out of an existing well in Kansas as $20 to $30 per barrel.The price of Kansas Common grade crude oil is in the low $40s per barrel, so producers are still making $10 to $20 per barrel.ut those who own a lot of producing wells are still making a profit. He estimates that the average cost to bring a barrel of oil out of an existing well in Kansas as $20 to $30 per barrel. The price of Kansas Common grade crude oil is in the low $40s per barrel, so producers are still making $10 to $20 per barrel.