Wildcat Well (Noun)
Meaning
An exploratory oil well drilled in land not known to be an oil field.
Classification
Nouns denoting man-made objects.
Examples
- The oil company drilled a wildcat well in a remote area, hoping to strike oil where none had been found before.
- The drilling team had high hopes for the wildcat well they were digging, as it had the potential to be a major discovery.
- Despite the risks and uncertainties, the decision was made to proceed with drilling a wildcat well in the unproven area.
- A successful wildcat well can lead to a boom in drilling activity, as companies rush to tap into the newly discovered resource.
- Years of unsuccessful attempts at drilling a wildcat well in the area had made investors wary, but the company was undeterred.