Get Paid Monthly By Sabine Royalty TrustThe idea of owning an oil and gas well might be compelling, but you’ll need a lot of money to get that off the ground. The cost to drill an oil and gas well can vary from a few hundred thousand dollars into the millions. It all depends on location, how deep you’re drilling, and the geography.On average, oil wells cost between $6.6 million to $8.1 million, with drilling accounting for 73% of total costs. On top of this you have to facto in rig rentals, which can cost ...