bottom-hole cash
bottom-hole cash
[′bäd·əm ‚hōl ¦kash] (petroleum engineering)
Cash which is contributed by mineral-rights lessees adjacent to a drilling lessee and which is payable when the well reaches a specified depth, regardless of whether or not the completed well is a producer.
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.
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