Dry hole definition

Dry hole means a well found to be incapable of producing hydrocarbons in sufficient quantities such that proceeds from the sale of such production exceed production expenses and taxes.

Dry hole means any well abandoned without having produced oil or gas in commercial quantities.

Dry hole means any oil or gas well that does not produce oil or gas in commercial quantities.

Examples of Dry hole in a sentence

• Acquisition costs include amounts paid for the acquisition of exploration and development licenses.Exploration and evaluation assets include:• Costs of topographical, geological, and geophysical studies and rights of access to properties to conduct those studies;• Costs of carrying and retaining undeveloped properties;• Bottom hole contribution;• Dry hole contribution; and• Costs of drilling and equipping exploratory wells.

• Dry hole abandonment (option 5): Other materials / describe and justify use: Wet Boreholes Wet hole abandonment (option 1): Neat cement slurry, mixed according to the manufacturer’s recommendations, emplaced with a tremie pipe from total depth to within 2 feet of the original ground surface, followed by 2 feet of topsoil/topdressing.

• Dry hole means a well that was drilled and does not produce sufficient quantities of water for the intended use of the well.

• Dry hole abandonment (option 3): Cement + 6% bentonite slurry, mixed according to the manufacturer’s recommendations, emplaced with a tremie pipe from total depth to within 2 feet of the original ground surface, followed by 2 feet of topsoil/topdressing.

• Dry hole" means an open borehole or cased borehole that does not produce water in sufficient quantity and that can not be modified with a low yield pump and storage reservoir, or combined with another water source to produce water for the intended use.

More Definitions of Dry hole

Dry hole means a Well that has been drilled to the Casing Point but which is not completed pursuant to the provisions of this Agreement.

Dry hole means a dry well which has been plugged and abandoned without ever having produced hydrocarbons in commercial quantities.

Dry hole means an open borehole or cased borehole that does not produce water in sufficient quantity and that can not be modified with a low yield pump and storage reservoir, or combined with another water source to produce water for the intended use.

Dry hole means a well that does not produce water in sufficient quantity for the intended use.

Dry hole means a completed well which is not producing and/or capable of producing oil and/or gas in paying quantities.

Dry hole means a well found to be incapable of producing either oil or gas in sufficient quantities to justify completion as an oil or gas well.

Dry hole means a wellbore which is not capable of producing oil and/or gas in commercial quantities. A well may qualify as a dry hole either before or after Completion.