oil well

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oil well

[′ȯil ‚wel]
(petroleum engineering)
A hole drilled (usually vertically) into an oil reservoir for the purpose of recovering the oil trapped in porous formations.
References in periodicals archive ?
Bruce Lunsford, who along with fellow former joint-owner Lansdon Robbins III, had retained northern hemisphere breeding rights to Drilling For Oil, told the Daily Racing Form: "It's hard to believe anything like this would happen.
Among the factors that could cause results to differ materially are the following: lack of availability of financing; inability to control costs or expenses; success rates for exploratory drilling for oil and gas, transportation problems; and lack of market acceptance of the Company's products, etc.
Exploration drilling for oil and gas is risky but the joint interest holders feel that we have applied all the best skills and latest techniques available so that this Mearon/Ladyfern prospect could be the cornerstone of our winter drilling program.
TriLucent Technologies' field tests have indicated an increase in the chance of commercial success of exploratory drilling for oil and gas from the industry standard of 20% to more than a 50% success rate.
Field tests of TriLucent's technologies have demonstrated that they can increase the chance of commercial success of exploratory drilling for oil and gas from the industry standard of 20% to over a 50% success rate.
TriLucent has proprietary rights to certain technologies that are believed to increase the chance of commercial success of exploratory drilling for oil and gas.
TriLucent has an exclusive, worldwide license to certain technologies that are believed to increase the chance of commercial success of exploratory drilling for oil and gas.
Drilled cuttings are generated by every rig drilling for oil or gas as part of the drilling process.
Oil production also decreased from 266 thousand barrels (729 BBLS per day) to 142 thousand barrels (389 BBLS per day) in 1996, primarily as a result of the asset sales and little new drilling for oil.