It was estimated that a dc is USD 850,000 and b dc is XXXXXXXXXXft -1 while analyzing the historical well cost data of 20 wells from the Gulf of Mexico. Assuming all external conditions remained the...

It was estimated that a dc is USD 850,000 and b dc is 0.000047 ft -1 while analyzing the historical well cost data of 20 wells from the Gulf of Mexico. Assuming all external conditions remained the same, estimate the cost for the two new wells with depths of 17,000 ft and 20,000 ft respectively by using the exponential cost estimation formula.