While today’s technology is vastly improved, the art of water well drilling still retains a bit of the challenges and risks of the first hand dug wells thousands of years ago. The availability of clean, fresh water can be determined to a certain degree and a licensed and certified well driller will access a wealth of knowledge before deciding where to drill. The goal is water.
Oklahoma Water Resources Board provides great historical ground water data and nearby wells and drilling experiences aid in preventing drilling dry holes.
But what happens if the hole is dry? As the owner, the obligation to pay the well driller remains. With a professional drilling company the impacts of a dry hole are lessened. The owner only pays for the drilling expenses, primarily a cost per foot.
Before entering in to an agreement, make sure all parties have the same understanding. The price of the dry hole will be limited to all or a portion of the drilling costs only.
The same principal would apply to a well that hits non-potable water. A special note, if saltwater is produced, a supplemental fee would apply to plug the well.