Complete the following using the cost vs. depth data given in Table 1.7 for dry holes...

  

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Complete the following using the cost vs. depth data given in Table 1.7 for dry holes drilled in south Louisiana in 1978. a. A plot of cost vs. depth on cartesian paper. b. A plot of cost vs. depth on semilog paper. c. Determine a set of constants a and b of Eq. 1.17 that allow a curve fit of these data. Answer: $59,400 and 0.000096. | TABLE 1.7- AVERAGE 1978 COSTS OF DRILLING AND EQUIPPING WELLS IN THE SOUTH LOUISIANA AREA Completed Wells Мean Depth, D, (ft) Dry Holes Меan Depth Interval (ft) O to 1,249 1,250 to 2,499 2,499 to 3,749 3,750 to 4,999 5,000 to 7,499 7,500 to 9,999 10,000 to 12,499 12,500 to 14,999 15,000 to 17,499 17,500 to 19,999 20,000 and more Cost, C, ($) 64,289 65,921 126,294 199,397 276,087 426,336 664,817 1,269,210 2,091,662 3,052,213 5,571,320 Cost, C, ($) Number Depth, D, (ft) 1,213 1,542 3,015 4,348 6,268 8,954 11,255 13,414 16,133 18,521 21,207 Number of Wells, n of Wells, n, 1 9. 20 20 47 117 165 110 49 17 11 1,832 3,138 4,347 6,097 9,070 11,280 13,659 16,036 18,411 20,810 201,416 212,374 257,341 419,097 614,510 950,971 1,614,422 2,359,144 3,832,504 5,961,053 8. 11 43 147 228 125 54 21 Complete the following using the cost vs. depth data given in Table 1.7 for dry holes drilled in south Louisiana in 1978. a. A plot of cost vs. depth on cartesian paper. b. A plot of cost vs. depth on semilog paper. c. Determine a set of constants a and b of Eq. 1.17 that allow a curve fit of these data. Answer: $59,400 and 0.000096. | TABLE 1.7- AVERAGE 1978 COSTS OF DRILLING AND EQUIPPING WELLS IN THE SOUTH LOUISIANA AREA Completed Wells Мean Depth, D, (ft) Dry Holes Меan Depth Interval (ft) O to 1,249 1,250 to 2,499 2,499 to 3,749 3,750 to 4,999 5,000 to 7,499 7,500 to 9,999 10,000 to 12,499 12,500 to 14,999 15,000 to 17,499 17,500 to 19,999 20,000 and more Cost, C, ($) 64,289 65,921 126,294 199,397 276,087 426,336 664,817 1,269,210 2,091,662 3,052,213 5,571,320 Cost, C, ($) Number Depth, D, (ft) 1,213 1,542 3,015 4,348 6,268 8,954 11,255 13,414 16,133 18,521 21,207 Number of Wells, n of Wells, n, 1 9. 20 20 47 117 165 110 49 17 11 1,832 3,138 4,347 6,097 9,070 11,280 13,659 16,036 18,411 20,810 201,416 212,374 257,341 419,097 614,510 950,971 1,614,422 2,359,144 3,832,504 5,961,053 8. 11 43 147 228 125 54 21

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