well,adj. Marine insurance. (Of a vessel) in good condition; safe and sound < the vessel was warranted well on January 1>.

well,adv. In a legally sufficient manner; unobjectionable <well-pleaded complaint>. well,n. A hole or shaft sunk into the earth to obtain a fluid, such as water, oil, or natural gas.

limited-capacity well.An oil or gas well that is limited to producing only a portion of its monthly allowable because of market demand. stripper well.An oil or gas well that produces only small quantities. • In some states, such as Kansas and Illinois, stripper wells are common.
[Blacks Law 8th]