Dry hole
Meaning in oil, gas & mining, with examples
In oil, gas & mining, dry hole means: A well that does not find oil or gas in amounts worth producing. It is usually plugged and abandoned.
In Turkish: kuru kuyu, boş kuyu
How it is used
Also called a duster. Dry holes are a normal part of exploration risk, and companies report the dry hole costs they write off. Press releases often use softer wording such as 'did not encounter commercial hydrocarbons'.
Example sentences
The second exploration well was a dry hole and has been plugged.
Two dry holes in a row made the partners rethink their plans for the block.
Common collocations
- drill a dry hole
- dry hole cost
- plug a dry hole
- dry hole risk
Related terms
More terms: Exploration & Geology
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