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(1)Based on rate of $2.50 per foot |
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(2)$250 per hour x 12 |
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(3) Average driller's wage for 12.5 hours on site |
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(4) 4 hrs @ $25/hour for replacing hydraulic hose |
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(5) Call in experienced driller to attempt to extract
steel. Average 10 hours in futile attempt |
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* all prices are approximate |
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Worst Case
Scenario |
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Hardware |
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Hammer/Chuck/Backhead |
$5,000 |
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Bit |
$400 |
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Starting Rod |
$1,100 |
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Carousel Rod |
$700 |
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Rotation Hose |
$500 |
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Hydraulic
Fluid |
$60 |
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Total Hardware Loss |
$7,760 |
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Loss of
Production |
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30 min. drill
time (1) |
$125 |
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Down time
loss (2) |
$3,000 |
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Driller's
wages (3) |
$190 |
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Mechanic's
wages (4) |
$100 |
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Extracting
wages (5) |
$200 |
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Production Loss |
$3,615 |
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TOTAL
LOSS |
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$11,375 |
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