dry hole


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Related to dry hole: dry hole clause

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.
References in periodicals archive ?
It is targeting an unproven play with pre-drill resources of 95 mmboe and has an estimated duration of 27 days in a dry hole scenario.
To date the article is a dry hole and while it may eventually be cited we do not expect it to be heavily cited.
Also included in the quarter are $13.9 million ($0.04 share) of dry hole expense and impairment charges related to the Firefox 1 exploratory well, the Heidelberg 2 appraisal well and pre-moratorium drilling costs for the North Platte #1 exploratory well.
Washington, October 10 (ANI): NASA's much-anticipated "Moon bombing" mission, in which it sent the LCROSS spacecraft to the Moon to strike a crater in order to collect frozen water, may have literally hit a "dry hole", as there were no billowing plumes of dust and ice visible after the impact.
I do know the driller stated he did not believe in dowsing and I don't know how or why he picked the spot that he drilled on but it was a dry hole after going down over 100 feet.
Lundin Petroleum AB said Thursday that well Muny Deng-1, drilled on the Muny Deng prospect, has reached a total depth of 2,450 metres and will be plugged and abandoned as a dry hole. The well is located in the swamp area of the southern Muglad Basin in Block 5B, Sudan.
(Incidentally, many well drillers have a provision that the client must pay for each dry hole, also based on depth.)
But there is something else worth noting: An investigative reporter can spend months pursuing a story, spending thousands of dollars of the newspaper's money, and come up with a dry hole.
He brags about never having drilled a dry hole and speaks modestly about the other business ventures that multiplied his wealth, including agriculture and real-estate developments.
``There is only one dry hole on the course and it can be very tough.
I believe a reader rushed to judgment regarding the environmental impact of splitting water to produce hydrogen for fuel ("Letters: Dry Hole?" SN: 3/13/04, p.
Pre-tax dry hole costs for the well were approximately $5.5 million net to Murphy, and of that amount, approximately $3 million will be charged to expense in the first quarter, with the remainder to be expensed in the second quarter.