Definition of Stripper Well

Stripper well is an oil well that is in operation, just to recover a very limited amount of reserves.

Applying "Stripper Well" to Securities Exams:

Once most of the oil in a well’s proven reserves has been depleted it can become uneconomical for the company to remove the small amount of oil that remains in the well. Certain companies have the ability to operate wells profitably at these low levels and these wella are operated and known as stripper wells.

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