It’s hard to say how much a new well will cost because it’s impossible to determine how deep the technicians will have to drill. A reputable company will provide you with a detailed model for your area, and this will include best and worst-case scenarios, and the information will be based on the wells that already exist around your area. The company will update you every step of the way and will inform you of any new information before they continue with the process. Other factors like salt contamination, oil contamination and equipment failures will affect the price as well. Communicate with your driller from start to finish.