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Investments glossary

Vertical Well

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Quotes of the day:

All that glitters is not gold, and things that look warm are often cold!

— Yassine Aumerally

A vertical well is a borehole that is aimed directly at a target beneath it. A vertical well does not have a truly vertical borehole, but it is more or less aimed straight down at a reservoir of oil or gas rather than being turned horizontally at a designated point. Historically, natural gas and oil exploration involved the use of vertical wells because directional drilling technology was expensive and complicated.


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