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In the oil and gas industry, the term "Mother Hubbard" refers to a specific type of geological formation or reservoir that is characterized by a significant but often unpredictable amount of oil or gas. This term is typically used to describe a well that produces less than expected or becomes depleted quickly, leading to the impression that it has "run dry" like the character in the nursery rhyme. The phrase emphasizes the challenges of accurately assessing reserves and production potential in exploratory drilling.

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6d ago

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