Terminology question

[Lookn4help]

could someone please either tell me what is meant by "a well will SPUD" on a certain date or where I can learn what this means. Thanks

 

[Vicious]

To begin drilling, I believe

 

[SixFive]

If you're thinking of investing in oil/gas exploration, please do not!

 

[BobbyBlueChip]

If you're thinking of investing in oil/gas exploration, please do not!

:mj07:

 

[Cie]

could someone please either tell me what is meant by "a well will SPUD" on a certain date or where I can learn what this means. Thanks

spud date is the date that actual drilling begins