- dry hole
- dry holen.1. an oil, water, or gas well that is not commercially profitable2. an unsuccessful attempt to accomplish some objective in business, politics, etc.
English World dictionary. V. Neufeldt. 2014.
dry hole
Look at other dictionaries:
dry hole — noun 1. : a hole drilled (as through rock in a quarry) without using water 2. : a well that does not yield oil or gas in commercial quantities called also dry well, duster * * * any well drilled for oil or gas that does not yield enough to be… … Useful english dictionary
Dry Hole — A business venture that ends up being a loss. The buzz word dry hole was originally used in oil exploration to describe a well where no significant reserves of oil were found. This term is now often used to describe any fruitless commercial… … Investment dictionary
Dry-hole clause — A dry hole clause is a provision in an oil or Natural gas lease specifying what a lessee must do to maintain the lease for the remainder of a primary term after drilling a dry hole. Usual the lessee will just have to pay delay rentals. Superior… … Wikipedia
dry hole agreement — A support agreement in which the contributing party agrees to make a cash contribution in exchange for geological or drilling information, if a dry hole is drilled … Black's law dictionary
dry hole clause — A provision in an oil and gas lease specifying what a lessee must do to maintain the lease for the remainder of the primary term after drilling an unproductive well. A dry hole clause is intended to make clear that the lease may be maintained by… … Black's law dictionary
dry hole agreement — A support agreement in which the contributing party agrees to make a cash contribution in exchange for geological or drilling information, if a dry hole is drilled … Black's law dictionary
dry hole clause — A provision in an oil and gas lease specifying what a lessee must do to maintain the lease for the remainder of the primary term after drilling an unproductive well. A dry hole clause is intended to make clear that the lease may be maintained by… … Black's law dictionary
dry hole — noun A hole drilled into the ground for oil or gas exploration which fails to yield enough oil or gas to justify the establishment of a well … Wiktionary
dry hole — A hole not obtaining any production. A non producing well [16] … Lexicon of Cave and Karst Terminology
dry hole — noun Date: 1883 a well (as for gas or oil) that proves unproductive … New Collegiate Dictionary
