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dry hole

noun
  1. any well drilled for oil or gas that does not yield enough to be commercially profitable.
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Origin of dry hole

An Americanism dating back to 1880–85
Also called duster.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

British Dictionary definitions for dry hole

dry hole

noun
  1. (in the oil industry) a well that is drilled but does not produce oil or gas in commercially worthwhile amounts
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Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012