dry hole

dry hole
any well drilled for oil or gas that does not yield enough to be commercially profitable. Also called duster.
[1880-85, Amer.]

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Universalium. 2010.

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  • dry hole — noun 1. : a hole drilled (as through rock in a quarry) without using water 2. : a well that does not yield oil or gas in commercial quantities called also dry well, duster * * * any well drilled for oil or gas that does not yield enough to be… …   Useful english dictionary

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  • Dry-hole clause — A dry hole clause is a provision in an oil or Natural gas lease specifying what a lessee must do to maintain the lease for the remainder of a primary term after drilling a dry hole. Usual the lessee will just have to pay delay rentals. Superior… …   Wikipedia

  • dry hole agreement — A support agreement in which the contributing party agrees to make a cash contribution in exchange for geological or drilling information, if a dry hole is drilled …   Black's law dictionary

  • dry hole clause — A provision in an oil and gas lease specifying what a lessee must do to maintain the lease for the remainder of the primary term after drilling an unproductive well. A dry hole clause is intended to make clear that the lease may be maintained by… …   Black's law dictionary

  • dry hole agreement — A support agreement in which the contributing party agrees to make a cash contribution in exchange for geological or drilling information, if a dry hole is drilled …   Black's law dictionary

  • dry hole clause — A provision in an oil and gas lease specifying what a lessee must do to maintain the lease for the remainder of the primary term after drilling an unproductive well. A dry hole clause is intended to make clear that the lease may be maintained by… …   Black's law dictionary

  • dry hole — noun A hole drilled into the ground for oil or gas exploration which fails to yield enough oil or gas to justify the establishment of a well …   Wiktionary

  • dry hole —    A hole not obtaining any production. A non producing well [16] …   Lexicon of Cave and Karst Terminology

  • dry hole — noun Date: 1883 a well (as for gas or oil) that proves unproductive …   New Collegiate Dictionary

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