Pipe being recovered from an interval of borehole has a value of $30/ft. On the average,...

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Pipe being recovered from an interval of borehole has a value of $30/ft. On the average, 20 hours of rig time must be expended to recover 200 ft of pipe. The cost per foot to sidetrack the well and redrill the junked interval of borehole would be about $150/ft. Do the fishing operations appear profitable if the average operating cost is $500/hr and the cost of abandoning the junked hole would be approximately $5/ft? Pipe being recovered from an interval of borehole has a value of $30/ft. On the average, 20 hours of rig time must be expended to recover 200 ft of pipe. The cost per foot to sidetrack the well and redrill the junked interval of borehole would be about $150/ft. Do the fishing operations appear profitable if the average operating cost is $500/hr and the cost of abandoning the junked hole would be approximately $5/ft?