Before any suggest we should be spending government dollars the same way...
In the US, with private industry:
The average drilling and completion cost for Cabot’s 2015 program is expected to range between $6.0 million and $6.5 million per well for an average lateral length of 5,300 feet and reflects the impact of recent operating efficiency gains and recently negotiated reductions in service costs.
http://marcellusdrilling.com/2015/02/cabot-cuts-2015-budget-44-will-drill-70-new-marcellus-wells/