Definition of Dry hole contribution

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TeachMeFinance.com - explain Dry hole contribution



Dry hole contribution

The term 'Dry hole contribution' as it applies to the area of energy can be defined as ' A payment (either in cash or acreage) that is required by agreement only if a test well is unsuccessful and that is made in exchange for well test and evaluation data'.

Previous 5 Terms:
Dry Cell
Dry Crack
Dry Floodproofing
Dry hole
Dry hole charge
Next 5 Terms:
Dry Line
Dry Line Bulge
Dry Line Storm
Dry Microburst
Dry natural gas




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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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