On March 1, 2009, Anniston Company purchased a producing oil well at a cash cost of $1,000,000. It is estimated that 1,500,000 barrels of oil can be produced over the remaining life of the well. By December 31, 2009 (end of the accounting period), 150,000 barrels of oil were produced and sold. The amount of depletion for 2009 on this well that should be added to oil inventory would be?