When is a delineation well classified as an exploratory well versus a development well?

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Fundamentals Of Oil And Gas Accounting

ISBN: 9781593701376

5th Edition

Authors: Charlotte J. Wright, Rebecca A. Gallun

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Question Posted: May 31, 2024 10:15 AM

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Lease A has a known productive horizon at 15,000 feet. A well is drilled to 10,000 feet. Would the well be classified as an exploratory or development well?
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When is a delineation well classified as an exploratory well versus a development well?

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Fundamentals Of Oil And Gas Accounting

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