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dry hole
(redirected from dry holes)

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dry hole
n.
An unsuccessful venture, especially an exploratory oil well that produces no oil.
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Ten wells were successful completions with no dry holes.
St. Mary Updates Guidance and Provides Operations Update; Schedules ... by Business Wire
The primary risk lies in the drilling of dry holes or drilling and completing wells which, though productive, do not produce gas and/or oil in sufficient amounts to return the amounts expended and produce a profit.
Energas Now Drilling 5th Well In Kansas by Business Wire
The primary risk lies in the drilling of dry holes or drilling and completing wells which, though productive, do not produce gas and/or oil in sufficient amounts to return the amounts expended and produce a profit.
Energas Raises $300,000 Cash and Removes $326,000 Debt by Business Wire
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