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# Drilling Cost

## By Cafm

#### Description

The Drilling Cost provides to the drillers, toolpushers, drilling engineers, students and other professionals in the petroleum industry a productivity tool helpful in drilling operation to calculate the drilling cost per length unit drilled, analysis of drill bit performance and to use in planning phase of oil wells.

Formula:

Drilling Cost = (Bit Cost + Rig Cost x (Drilling Time + Trip Time)) ÷ (Length Drilled)

Drilling Cost => drilling cost \$ per length unit (\$/ft, \$/m)
Bit Cost => bit cost, \$
Rig Cost => rig cost per hour, \$ / hour
Drilling Time => total drilling time, hour
Trip Time => trip time, hour
Length Drilled => total length drilled by drill bit, ft or m

This application provides an advanced feature that is the modeling of data Drilling Cost vs. Drilling Time using quadratic regression. The minimum point of the parable may correspond to the operation time of the drill bit, where will occur the minimum cost. The more the R squared is close to 1, the result will be better.

1) Drilling Cost = c + b (LD) + a (LD)*(LD), LD = total Length Drilled by the dril bit
2) Drilling Cost = c + b (DT) + a (DT)*(DT), DT = total drilling time by the drill bit

Data Files:

The user can work with data files that must correspond to the drill bits used in each phase of drilling.

DISCLAIMER:

These tools & materials are provided 'as is' without warranties of any kind, express or implied.
Please verify the tools provided by this application by yourself before you use them. Ensure you understand the impact of using these tools.
Any use you choose to make of these tools & materials is undertaken by you entirely at you own risk.

#### What's New in Version 3.0

- Redesigned with support for iOS 7

## iPhone Screenshot

View In iTunes
• USD 9.99
• Category: Productivity
• Updated:
• Version: 3.0
• Size: 1.2 MB
• Language: English
• Developer:

Compatibility: Requires iOS 5.1 or later. Compatible with iPhone, iPad, and iPod touch. This app is optimised for iPhone 5.

#### Customer Ratings

We have not received enough ratings to display an average for the current version of this application.