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TeachMeFinance.com - explain well (water) well (water) The term 'well (water)' as it applies to the area of water can be defined as 'an artificial excavation put down by any method for the purposes of withdrawing water from the underground aquifers. A bored, drilled, or driven shaft, or a dug hole whose depth is greater than the largest surface dimension and whose purpose is to reach underground water supplies or oil, or to store or bury fluids below ground'.
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