How much would it cost to have a gas well drilled on my property?

Question

I want to have a gas well drilled on our 40 acre property in western PA. I just want an aproximate answer, so it deoesnt need to be perfect.

Thanks in Advance!

Answer 1

Today, a typical land-based oil or gas well costs around $400,000 to drill, while costs for an offshore well average nearly $4.5 million. But in some deeper or more difficult drilling terrains, costs can be much higher. Reducing the time a drill rig remains on site can lower costs and make previously uneconomic gas or oil deposits commercially attractive.