TeachMeFinance.com - explain Footage drilled
Footage drilled The term 'Footage drilled' as it applies to the area of energy can be defined as ' Total footage for wells in various categories, as reported for any specified period, includes (1)the deepest total depth (length of well bores) of all wells drilled from the surface, (2) the total of all bypassed footage drilled in connection with reported wells, and (3) all new footage drilled for directional sidetrack wells. Footage reported for directional side-track wells does not include footage in the common bore that is reported as footage for the original well. In the case of old wells drilled deeper, the reported footage is that which was drilled below the total depth of the old well'.
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