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dry hole |
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dry hole [¦drī ¦hōl] (engineering) A hole driven without the use of water. (petroleum engineering) A well in which no oil or gas is found. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Dry hole charges for the quarter are now estimated to be $70 million including a charge of $22 million for the unsuccessful well at the Batu Kapur prospect offshore Sarawak. PINK SHEETS:EDEX) announced today that the Sparkman well in Hardeman County Texas has been plugged and abandoned as a dry hole. This range is above the Company's previous estimate due to lower than anticipated dry hole costs and an exceptionally strong contribution from the Company's refining and marketing segment. |
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