abandon

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abandon

[ə′ban·dən]
(engineering)
To stop drilling and remove the drill rig from the site of a borehole before the intended depth or target is reached.
(petroleum engineering)
To terminate oil and gas production from a well when it becomes unprofitable.

abandon

i. To bail out or eject out of an aircraft and let it crash. Used as a command, as in “abandon aircraft.”
ii. To walk away or leave an aircraft on the ground in an emergency as when it is on fire.
References in periodicals archive ?
At this point, a company should explicitly consider abandoning the asset in question by estimating the value of the asset in place and comparing the result with the abandonment value.
Within a few years, wild-catters began abandoning the less-productive wells without plugging their still-flowing streams of crude.
The appellate court also ruled that the owner breached the contract in the process of abandoning same.
Holden wrote that local consensus on the terminal was impossible, that the Airport Authority was abandoning its efforts, and that the terminal's future now rested with the FAA.
In some circumstances, it may be more advantageous to consider legally abandoning the property and claiming an ordinary loss against ordinary income.