Examples of Dry hole in a sentence
Acquisition costs include amounts paid for the acquisition of exploration and development licenses.Exploration and evaluation assets include:• Costs of topographical, geological, and geophysical studies and rights of access to properties to conduct those studies;• Costs of carrying and retaining undeveloped properties;• Bottom hole contribution;• Dry hole contribution; and• Costs of drilling and equipping exploratory wells.
Dry hole" means an open borehole or cased borehole that does not produce water in sufficient quantity and that can not be modified with a low yield pump and storage reservoir, or combined with another water source to produce water for the intended use.
Dry hole means a well that was drilled and does not produce sufficient quantities of water for the intended use of the well.
Any cancellation of relevant information sought or deliberately supplied by the Party knowing it to be false shall be taken as against the terms and conditions and may invoke all legal consequences.
Other ($ millions except where noted) G&A ($/boe) 0.98 0.99 0.75 Dry hole expense 79 72 27 Stock-based compensation 30 - - Other expense (income) 3 (7) 51 Interest expense 38 40 38 Interest costs capitalized 3 7 7 Other revenue 22 23 21 Dry hole expense for the quarter was $79 million, with $31 million expensed in North America and $25 million in the North Sea, including $8 million relating to the Eta 2 redrill well and $14 million relating to the Cyrus well.