Abandon

v. – To cease producing oil and gas from a well when it becomes unprofitable or to cease further work on a newly drilled well when it proves not to contain profitable quantities of oil or gas. Several steps are involved: part of the casing may be removed and salvaged; one or more cement plugs are placed in the borehole to prevent migration of fluids between the different formations penetrated by the borehole; and the well is abandoned. In most oil-producing states, it is necessary to secure permission from official agencies before a well may be abandoned.