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What is the difference between exploratory wells and discovery wells?

April 26, 2017difference Discovery exploratory Wells

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What is the difference between exploratory wells and discovery wells?

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A discovery well is defined in the R 324.102(k) as “a well that discovers a new and previously untapped oil or gas pool.” An exploratory well is a well utilized in the exploration for a new or previously untapped oil or gas pool, if successful the well is then a discovery well.