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How much cost barrel of oil?
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How much cost barrel of oil?
Jump to Saudi Arabia is lowering prices for crude oil bein. Watch this video to find out how Advertisement The barrel of a flintlock is its own technological marvel, especially for the time. If you’re in the mood for some hearty, home-style cooking, look no further than Cracker Barrel. On average, refineries can convert a single 42-gallon barrel of oil into either 12 gallons of diesel fuel, 4 gallons of je. 78 AUD: Let's say the price for 1 barrel of oil is around $60 and the price for 1000 scf of gas is about $3. Click the link to learn more. For instance, in May 2022, supplies from Russia were priced at $16 cheaper than the average Indian imported crude oil barrel of $110. At 14:30 ET (13:25 GMT), Brent oil futures rose 108 a barrel, while West Texas Intermediate crude futures climbed 285 a barrel. Global oil supply is forecast to rise by 1. Cracker Barrel is not just a restaurant known for its delicious comfort food; it’s also a destination for unique shopping experiences. Food-grade barrels are plastic drums that are safe for storing and transporting human foods and potable water. 52 million barrels per day (b/d) and total petroleum imports were about 8. The Bakken reserve does not contain nearly 500 billion barrels of oil, and the cost of extraction is much higher than $16 per barrel. WTI oil prices fell below $80 a barrel. Welcome to the Petroleum (Gasoline oil, Diesel, Petrol, Crude Oil, LPG, Electricity) prices in Australia per Litre, Barrel, and Gallon We provide the prices. 19, 2015 12:53 PM ET CNQ, COSWF, CVE, CNQ:CA, CVE:CA 2. 1945-1983 Arabian Light posted at Ras Tanura. Total Crude Oil and Products Imports. News from the American Petroleum Institute said that crude oil stocks surged by 3. The chart that plots production costs versus percentage of liquids produces a best-fitting linear function of y = 0128 (y…price in USD, x…percentage liquids) and, therefore, costs. On average, U refineries produce, from a 42-gallon barrel of crude oil: About 19 to 20 gallons of motor gasoline. Now, conventional oil production worldwide pays off at about a 20-to-1 ratio. 1 Barrel = 336 Pint Oil (WTI) Price Per 1 Pint 0. For example, if crude oil is $100 per barrel, then about $2. Jul 26, 2023 · First, determine the crude oil price ($/barrel). 5 million barrels per day - nearly 95 percent of the sector's production - were produced at a marginal cost below C$50 per barrel with the majority of that production (2. It marked the third consecutive session of losses driven by lingering concerns over reduced demand from China. Expansion of an existing SAGD facility required about $5 per. One barrel of crude contains 42 gallons. As there are also fields that only produce gas, this article tends to underestimate the costs of oil production. Let's say the price for 1 barrel of oil is around $100 and the price for 1000 scf of gas is about $6. down-arrow: Click to chart this series Gasoline: 229. Crude oil futures climbed Wednesday, snapping a three-session losing streak, after the U reported a much larger than expected drawdown in crude stocks for last week in a third consecutive decrease. Saudi Aramco has revealed that it offers the world's lowest average cost of crude oil production. Is oil down because of the Strategic Petroleum Reserve release, or something else? As WTI oil prices reached highs of $85 a barrel in October, the Biden administration has been doi. In EOG Resources' case, its cost per barrel of oil equivalent has fallen 22% since 2014. 00 per gallon, 44 cents has to pay for taxes and 20 cents for distribution and marketing expenses36 for the oil companies. On average, U refineries produce, from a 42-gallon barrel of crude oil: About 19 to 20 gallons of motor gasoline. Let's say the price for 1 barrel of oil is around $100 and the price for 1000 scf of gas is about $6. Storing oil in above ground tanks, by comparison, can cost $15 to $18 per barrel - or at least five times the expense. Jan 15, 2015 · A key floor will be the break-even price of oil. 12 EUR 1 Barrel = 42 Gallons Oil (Brent) Price Per 1 Gallon 2. The price of West Texas Intermediate (WTI) crude oil, the U benchmark, averaged $57/b in 2019, $7/b lower than in 2018. Apr 30, 2024 · According to a 2024 survey, oil producers operating in the Permian region needed WTI oil prices to amount to a minimum of 62 U dollars per barrel in order to profitably drill a new well Mar 1, 2022 · The obvious answer, you might be thinking, is 42-gallons of gooey, black crude. Neither the claimed 500 billion barrels nor the actual Bakken. In EOG Resources’ case, its cost per barrel of oil equivalent has fallen 22% since 2014. That's down from the 2013 average of $108. However, there is so much more potential in that barrel of oil than fossil fuel alone. Sustained price levels below the cost of production can deter exploration and production and shift production potential for years to come. Production costs around $41 a. The crude is stored in our refineries, which have a capacity to store 26 3. Jul 11, 2024 · OilMonster offers 126 Crude Oil blends from the United States. How much does it cost to produce a barrel of oil? Ask an oilman and he'll likely give you a dollar amount. Russia's current production cost ranges from $17- $20 a barrel and not $40 as Aramco claimed since the Russian economy can happily live with an oil price of $40 or less. The average capital expenditure incurred by the company in the exploration and production sector for 2018 is SAR177) per barrel of oil produced. Nearly 80% of oil produced in Alaska in 2017 was sent to Washington and California on Jones Act vessels at a shipping cost of about $5 About 15% of Alaskan crude oil production was processed in Alaska. 78 AUD: Let's say the price for 1 barrel of oil is around $60 and the price for 1000 scf of gas is about $3. WTI futures traded around $80. Identify the term for the extra cost incurred when producing one additional barrel of oil Explanation :- Thi …. Whereas, Alexander Dyukov, CEO of Gazprom Neft, said his company extracted oil in developed fields at USD 3-5 per barrel. Identify the term for the extra cost incurred when producing one additional barrel of oil Explanation :- Thi …. As oil is extracted from the ground, it undergoes a complex refining process to transform it into usable products such as gasoline, diesel, and jet fuel. The hostilities initially caused U oil prices, which had fallen to nearly $80 a barrel the previous week, to jump to $87 a barrel the day after the attack. Jul 1, 2024 · - = No Data Reported; -- = Not Applicable; NA = Not Available; W = Withheld to avoid disclosure of individual company data. In February, the average monthly price for Illinois Crude Oil was $84. A small amount of Alaskan crude oil was shipped to Hawaii or exported to international destinations in 2017. Updated 12:38 PM PDT, May 21, 2024. 11 to 13 gallons of distillate fuel, most of which is sold as diesel fuel. 95 USD 1 Barrel ≈ 158,98 Liters Oil (WTI) Price Per 1 Liter 0 Today's Brent crude oil spot price is at $83. Bush of being particularly hostile to the oil industry, yet gasoline prices nearly tripled under his watch from a low of $1. More commonly, broader economic forces (e the Great Financial Crisis that hit shortly. Sustained price levels below the cost of production can deter exploration and production and shift production potential for years to come. The world's second-largest economy grew at its slowest pace since early 2023 (4. Newfoundland and Labrador had the highest import cost per barrel of crude. Metal drum barrels are useful for shipping liquids and transporting gritty bulk items, and they’re also ideal for use as trash receptacles and for projects like making a barrel roa. You can view current prices as well as historical charts and data. However, there is so much more potential in that barrel of oil than fossil fuel alone. The resulting crude oil price increase raised the cost of fuel for U fuel retailers. The oil companies, however, express much grief that they are actually losing their Cost To Refine Oilprofit-margin because as crude oil prices continue to rise over $100 per barrel, they are finding it increasingly difficult to pass any substantial portion of their added costs onto the consumer. Here's How Much 1 Million Barrels Of Oil Really Is Gus Lubin Jun 16, 2010, 10:27 AM PDT Monthly price chart and freely downloadable data for Crude Oil (petroleum). A link from FT A link from FT Good news for Tanzania. 1% forecast) due to ongoing challenges. gr ch psycho pedigree online Sustained price levels below the cost of production can deter exploration and production and shift production potential for years to come. Welcome to the Petroleum (Gasoline oil, Diesel, Petrol, Crude Oil, LPG, Electricity) prices in Australia per Litre, Barrel, and Gallon We provide the prices. We have updated our terms and conditions. Monthly price chart and freely downloadable data for Crude Oil (petroleum). Decade Year-0 Year-1 Year-2 Year-3 Year-4 Year-5 Year-6 Year-7 Year-8 Year-9; 1970's: 571: 1139: 1238: 1681: 2874: 21 But the Dallas Fed doesn't simply look at the long-dated price as the end-all of its work. But its supply of conventional oil is shrinking, and oil sands extraction has been growing fast in the past decade, from about 700,000 barrels per day in 2000 to 1 Gasoline prices are displayed at a Chevron gas station in downtown Los Angeles on Feb Crude oil prices are surging toward $100 a barrel, raising the prospect of even higher gasoline prices. It's also the lowest cost oil sands producer by using SAGD extraction, currently as low as $11. If you’re in the mood for some hearty, home-style cooking, look no further than Cracker Barrel. Storing oil in above ground tanks, by comparison, can cost $15 to $18 per barrel - or at least five times the expense. Jump to Saudi Arabia is lowering prices for crude oil bein. When you step into a Cracker Barrel store,. com offers the latest energy news, crude oil price charts, and investment advice for Brent Crude and WTI oil futures. A persistent obstacle for Alberta oil production has been the transportation of oil from interior Canada to major markets. That means water is the number one fluid produced by the oil industry. The above figures are a lot lower than what IHS Markit claimed in their report. Rosneft’s cost per barrel extraction was USD 3. WTI is a light crude oil with API gravity of around 39. Jan 26, 2022 · The tricky part is that there exists a great variation in how much it costs to bring one barrel of oil to market. Let's say the price for 1 barrel of oil is around $100 and the price for 1000 scf of gas is about $6. The 1990 oil price shock occurred in response to the Iraqi invasion of Kuwait on August 2, 1990, Saddam Hussein's second invasion of a fellow OPEC member. This means, revenue from 1 boe of oil is higher than revenue for 1 boe of gas ($60 versus $18. harbour freight near me Refining Process Snapshot Shipping2 million barrels of crude oil a day from suppliers. This means that the energy output of the oil well is equivalent to the energy content of 29 billion BTUs of oil per day. The production cost of a barrel of shale oil ranges from as high as US$95 per barrel to as low US$25 per barrel, although there is no recent confirmation of the latter figure. 12 USD 1 Barrel = 42 Gallons Oil (WTI) Price Per 1 Gallon 1. The BOE is used by oil and gas companies in their financial statements as a way of combining oil and natural gas reserves and production into a single measure. Daily wholesale and retail prices for various energy products are shown below, including spot prices and select futures prices at national or regional levels. Let's say the price for 1 barrel of oil is around $100 and the price for 1000 scf of gas is about $6. 69 USD 1 Barrel = 42 Gallons Oil (WTI) Price Per 1 Gallon 1. When you take into account some of the more marginal wells, then maybe it’s closer to $20. Oil Price: Get all information on the Price of Oil including News, Charts and Realtime Quotes. Centre for Research on Energy and Clean Air The average price per barrel for crude oil in the SPR reflects the value of the crude oil at the time it was acquired. Oct 31, 2022 · The maintenance cost on the wells does not decline with oil prices, and these wells become unprofitable around $40 per barrel. Price per flowing barrel is calculated as: (Market Cap + Debt - Cash) / Production Barrels Per Day For. See Answer. Oil production in Brazil costs nearly $49 per barrel. Here’s what it costs on average to pump a barrel of oil in the 20 biggest oil. In the United Kingdom, it costs $52. 37 per barrel), Brent oil is down 2 OilPrice. Crate and Barrel is a popular home decor and furniture store that offers a wide variety of products for every room in your house. Have you ever wondered what, exactly, is in a barrel of oil? It's certainly not full of monkeys, that's for sure. indoor plant stands lowes In the United Kingdom, it costs $52. 15 million b/d of petroleum to 173 countries and 3 U territories (American Samoa, Puerto Rico, and U Virgin Islands). 1 Barrel = 42 Gallons Oil (Brent) Price Per 1 Gallon 2. Daily wholesale and retail prices for various energy products are shown below, including spot prices and select futures prices at national or regional levels. 15 million b/d of petroleum to 173 countries and 3 U territories (American Samoa, Puerto Rico, and U Virgin Islands). In 2020, the United States became a net exporter of petroleum for the first time since at least 1949. State-run oil giant Saudi Aramco is reducing prices by $4 a barrel for Asian refineries and by $2 for European customers. 95 a barrel on the New York Mercantile Exchange, broke the record set in April 1980 during the second oil shock50 a barrel, equals $103 Crude Oil Cost Crude oil is produced worldwide from various locations, such as tradition oil wells, deep-sea (ocean) wells, oil shale fracturing, and Canadian tar sands. Crude Oil Prices - 70 Year Historical Chart Interactive charts of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel back to 1946. dollars per barrel, compared to 82S. 1 Barrel = 42 Gallons Oil (Brent) Price Per 1 Gallon 2. The obvious answer, you might be thinking, is 42-gallons of gooey, black crude. 12 USD 1 Barrel = 336 Pint.
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Therefore, the production cost of crude oil is an enigma and a state secret. Identify the term for the extra cost incurred when producing one additional barrel of oil Explanation :- Thi …. Over the last decade, oil prices averaged USD 57 Adding those numbers to bitumen production costs, total revenue would be $83. Saudi Arabia says that the audit reveals an increase in Saudi oil reserves of 2. The producers that top this cost are the US with USD 49 per barrel, Kazakhstan with USD 46 and Venezuela’s offshore extraction with USD 63 per barrel. Cracker Barrel is a beloved restaurant chain known for its Southern charm and delicious home-style cooking. Prices are nominal prices. Type: Adventuring Gear Cost: 2 gp Weight: 70 lbs. Nigeria's CrudeOil Price | Up to. Next Release Date: 7/31/2024. 17, 2009 2:56 pm ET Resize. A key floor will be the break-even price of oil. Oil prices have plunged into negative territory due to the glut created by the COVID-19 global economic shutdown. PricesCrude OilGasolineDistillatePropane. A standard oil barrel holds 42 gallons or approximately 159 litres of crude oil. 95 USD 1 Barrel ≈ 158,98 Liters Oil (WTI) Price Per 1 Liter 0 Aug 15, 2013 · “It took one barrel of oil to extract, process, refine, ship and deliver 100 barrels of oil. Commonly, costs are divided in. bigtit chinese 24 USD 1 Barrel ≈ 0,136 Tonnes of Crude Oil Oil (WTI) Price Per 1 Ton 594. However, there is so much more potential in that barrel of oil than fossil fuel alone. 3 per barrel in 2021. Monthly price chart and freely downloadable data for Crude Oil (petroleum). Jump to Saudi Arabia is lowering prices for crude oil bein. Saudi Arabia says that the audit reveals an increase in Saudi oil reserves of 2. The collapse in the price of oil has squeezed energy companies and countries that were betting on higher returns. The company's carloadings of crude oil and petroleum products increased 60% during the first six months of 2012. From stylish sofas to elegant dinnerware, Crate an. 6 and specific gravity of about 0 It also is a sweet crude oil that contains approximately 0 The amount is possibly much higher. Mar 28, 2017 · While it’s not the cheapest in the world, as several nations have production costs around $2 per barrel, it’s still a fraction of the production costs of a country like Canada, which pays $11. On average, refineries can convert a single 42-gallon barrel of oil into either 12 gallons of diesel fuel, 4 gallons of je. claweddrip Further assume that consumers in b. See Definitions, Sources, and Notes link above for more information on this table. Sep 2, 2020 · To take a trite example, no one would accuse former President George W. Oil prices have plunged into negative territory due to the glut created by the COVID-19 global economic shutdown. 7 per barrel on Tuesday. Apr 8, 2015 · Let's say the price for 1 barrel of oil is around $60 and the price for 1000 scf of gas is about $3. The collapse in the price of oil has squeezed energy companies and countries that were betting on higher returns. - = No Data Reported; -- = Not Applicable; NA = Not Available; W = Withheld to avoid disclosure of individual company data. 50 per barrel (actual cost of extraction) 1 Barrel ≈ 0,136 Tonnes of Crude Oil Oil (WTI) Price Per 1 Ton 594. 11 to 13 gallons of distillate fuel, most of which is sold as diesel fuel. Also, because the salt caverns are 2,000-4,000 feet below the surface, geologic. com, in cooperation with its partners, offers over 150 crude oil blends and indexes from all around the world, providing users with oil price charts, comparison tools and smart analytical. The obvious answer, you might be thinking, is 42-gallons of gooey, black crude. Finally, calculate the Gas Price From Oil Price using the equation above: GP = OP / 33 The values. 2 billion barrels of oil from the 2018 number. 1 cubic foot of natural gas = 1,036 Btu. An steam-assisted gravity drainage (SAGD) project required between $55 to $65 per barrel to breakeven. how to apply snap benefits illinois This compared to a minimum breakeven price of 38 U dollars per barrel for existing wells. WTI crude oil futures fell to a three-week low, settling at $80. 05/gallon by June 2008. How much does a barrel of oil cost? No, really. It has jumped more than 10 percent over the past month alone, to around. Catharina Klein. More than a dozen other petroleum products are also produced in refineries, including liquids the petrochemical industry uses. Metal drum barrels are useful for shipping liquids and transporting gritty bulk items, and they’re also ideal for use as trash receptacles and for projects like making a barrel roa. 7% in Q2, below the 5. It is a grade of crude oil used as a benchmark in oil pricing and an underlying commodity of New York Mercantile Exchange's oil futures contracts. 38 of the price of a gallon of gas comes from the crude price. 86 barrels of oil of equivalent 1965-2000 366 1 tonne of ethanol = 0. There is a lot of oil that needs to be soaked up before we see higher sustainable prices, and meanwhile the Saudi-U relationship is thicker than crude. This chart shows the historical Crude Oil prices in US dollars per barrel - 1861 onwards. A persistent obstacle for Alberta oil production has been the transportation of oil from interior Canada to major markets. Jul 26, 2023 · First, determine the crude oil price ($/barrel). We provide daily updated prices as well as historical charts and prices. This extra cost is known as O total cost fixed cost Welcome to Oil Crude Price - a site devoted to bringing you the latest crude oil price per barrel including Brent crude oil price and WTI crude oil price. The price of a barrel of Brent crude oil, the international benchmark, has risen more than 20 percent since mid-December.
By June, government scientists pegged it at between 20,000 to 40,000 barrels, and a few weeks later that estimate rose to between 35,000 to 60,000 barrels a day. dollars per barrel of oil. and daily OPEC price. Ask somebody who studies biophysical economics, which combines the disciplines of biology and economics, and you'll get a more nuanced response. user security management Dungeons and Dragons (D&D) Fifth Edition (5e) Equipment, Gear, & Items - Barrel - A barrel can hold 40 gallons. At a gasoline-pump price of $4. The price a producer receives for a barrel of oil depends on the type of oil, where it's produced, and where it is sold. More commonly, broader economic forces (e the Great Financial Crisis that hit shortly. Recent social media posts have claimed that oil was only $25 a barrel when former President Donald Trump left office and more than doubled in the. 74, well below the inflation-adjusted all-time high annual average of $3 States. crab legs buffet near me Prices of crude oil are measured in barrels, while production totals across all producing countries are measured in million barrels per day (mmbd). Crate and Barrel is a popular choice among couples for many reasons If you’re a fan of stylish and high-quality furniture and home decor, chances are you’ve heard of Crate and Barrel. In April, the most recent month for which we have numbers, a barrel of domestic oil cost $7. How much does it cost to produce a barrel of oil? Ask an oilman and he'll likely give you a dollar amount. The current month is updated on an hourly. Crude Oil Prices Today - Live Chart. 95 USD 1 Barrel ≈ 158,98 Liters Oil (WTI) Price Per 1 Liter 0 Aug 15, 2013 · “It took one barrel of oil to extract, process, refine, ship and deliver 100 barrels of oil. 8 million BTUs per barrel BOE = 29 billion BTUs per day. matt maher catholic 1 Barrel ≈ 0,136 Tonnes of Crude Oil Oil (WTI) Price Per 1 Ton 605. Added to this is the fact that uneconomic products and oversupply are frequent. Finally, calculate the Gas Price From Oil Price using the equation above: GP = OP / 33 The values. The latest survey that was published this past week puts the breakeven price of oil at $50/barrel, down $2/barrel in the last year. Let's say the price for 1 barrel of oil is around $60 and the price for 1000 scf of gas is about $3. com offers the latest energy news, crude oil price charts, and investment advice for Brent Crude and WTI oil futures. This extra cost is known as O total cost fixed cost Welcome to Oil Crude Price - a site devoted to bringing you the latest crude oil price per barrel including Brent crude oil price and WTI crude oil price.
It was aimed at re-structuring the productive base of the ecnonomy and promoting non-inflationary economic growth. Dungeons and Dragons (D&D) Fifth Edition (5e) Equipment, Gear, & Items - Barrel - A barrel can hold 40 gallons. - = No Data Reported; -- = Not Applicable; NA = Not Available; W = Withheld to avoid disclosure of individual company data. 12 SGD: 1 Barrel Today High: 112. In a recent note to clients, a Credit Suisse research team led by Jan Stuart shared a map showing the transport differentials for oil across the US The. Finally, calculate the Gas Price From Oil Price using the equation above: GP = OP / 33 The values. Apr 2, 2024 · Crude Oil Cost Crude oil is produced worldwide from various locations, such as tradition oil wells, deep-sea (ocean) wells, oil shale fracturing, and Canadian tar sands. Watch this video about the Tuscany Rain Barrel from Fiskars which comes complete with a diverter that attaches to your downspout to make installation easy. 8 million BTUs per barrel BOE = 29 billion BTUs per day. 1 million metric tons of CO2-equivalent in 2011, up nearly 2 percent from the year before. A persistent obstacle for Alberta oil production has been the transportation of oil from interior Canada to major markets. If you’re in the mood for some hearty, home-style cooking, look no further than Cracker Barrel. down-arrow: Click to chart this series Gasoline: 229. Imports from RussiaS. It is a grade of crude oil used as a benchmark in oil pricing and an underlying commodity of New York Mercantile Exchange's oil futures contracts. The production cost of a barrel of shale oil ranges from as high as US$95 per barrel to as low US$25 per barrel, although there is no recent confirmation of the latter figure. Oil production in Brazil costs nearly $49 per barrel. dollar general penny deals this week 6 and specific gravity of about 0 It also is a sweet crude oil that contains approximately 0 The amount is possibly much higher. 62 million barrels per day in 2023. Like the early days of the petroleum barrel (1860's), the whale oil barrel didn't seem to settle exactly for a prescribed gallonage in its infancy. 78 AUD: 1 Barrel Today Low: 119. Nov 23, 2015 · In that year, Kuwait had the lowest production costs per barrel of oil, at a total cost of 8S. Crude oil prices in 2018 averaged around $61. Direct purchases were suspended in 1994 during the Clinton Administration due to the federal budget deficit and, in fiscal years 1996 and 1997, approximately 28 million barrels of oil were sold for deficit reduction purposes. The cost of producing a single barrel of Brent crude oil came in at around $42 for Russian onshore projects, and $44 for offshore projects, IHS Markit estimated. You can view current prices as well as historical charts and data. Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec; 1920: 1,097: 1,145: 1,167: 1,165: 1,181: 1,222: 1,218: 1,255: 1,251: 1,277: 1,287: 1,257: 1921: 1,230: 1,269. 38 of the price of a gallon of gas comes from the crude price. This means, revenue from 1 boe of oil is higher than revenue for 1 boe of gas ($100 versus $36. A barrel can hold 40 gallons of liquid, or 4 cubic feet of solid material Basic Rules. Once it hits the shoreline costs climb dramatically Here the cost per tonne declines as the oil spill size increases. dollars per barrel of oil. 00 USD 1 Barrel ≈ 158,98 Liters Oil (Brent) Price Per 1 Liter 0. rent to buy huyton Food-grade barrels are plastic drums that are safe for storing and transporting human foods and potable water. 1% forecast) due to ongoing challenges in. Units are in barrels per day (b/d), except where noted. The average oil price was $57/barrel in 2019, but in the past decade have been as high as $110/barrel and as low as $30/barrel. Graph and download economic data for Breakeven Fiscal Oil Price for Saudi Arabia (SAUPZPIOILBEGUSD) from 2008 to 2025 about Saudi Arabia, REO, oil, government, and price. You can view current prices as well as historical charts and data. Daily wholesale and retail prices for various energy products are shown below, including spot prices and select futures prices at national or regional levels. 32 million barrels per day) of crude oil were produced directly from tight-oil resources in the United States. Alberta Economic Dashboard. Watch this video to find out how Advertisement The barrel of a flintlock is its own technological marvel, especially for the time. 3 to 4 gallons of jet fuel. Feb 14, 2012 · If you get 30% of that back in the first year, that’s 30,000 barrels x $10+ per barrel hauling and disposal costs=$300,000 in water costs per well. In February, the average monthly price for Illinois Crude Oil was $84.