Definitions
from The Century Dictionary.
- noun A hole in a mine or quarry in which no water can be used in the drilling process. Such is any hole the mouth of which is at a lower level than the bottom as the drilling proceeds.
Etymologies
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Examples
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They're not like your typical conventional PUD where you could actually have a dry-hole.
unknown title 2011
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In our Oil and Gas segment the quarter's GAAP results included dry-hole expense and impairment of certain gas properties, the development of which is unwarranted because of the current natural gas price environment.
unknown title 2011
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* Says to incur $5.5 mln as cost due to dry well nDec 8 Reuters - Oil and natural gas producer Harvest Natural Resources said it will plug and abandon a well in Block 64 onshore Oman and take a dry-hole charge of $5.5 million in the current quarter.
unknown title 2011
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Anadarko, which incurred $780 million in so-called dry-hole costs last year, is funding deep-water discoveries from Africa to Brazil.
BusinessWeek.com -- 2010
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American Petro-Hunter anticipates drilling the first 7,900 foot test well in September 2009 at an estimated dry-hole drilling cost of $500,000.
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Geophysical investigations, including unsuccessful exploratory drilling, exploratory and exploratory dry-hole costs, are charged against income.
Recently Uploaded Slideshows sivatv 2009
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But I received a phone call a few months ago from a Times reporter, one William Glaberson, who writes front page stories on Guantanamo, calling with a perfectly legitimate, although dry-hole, query about proposals for terrorism courts.
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The net loss for the year was principally due to the previously announced dry-hole costs of $32.4 million related to the Aput and Atik wells drilled in early
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The decrease reflects lower exploration activity including the absence of $2.1 million in exploration expenses for dry-hole and seismic expense recorded in third-quarter 2008.
unknown title 2009
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Energy XXI's net dry-hole cost is expected to be about $14 million.
pfblogs.org: The Ad-Free Personal Finance Blogs Aggregator 2008
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