Meaning of the word "oil well" in English

What does "oil well" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

oil well

US /ˈɔɪl ˌwel/
UK /ˈɔɪl ˌwel/
"oil well" picture

Noun

a hole drilled into the earth for the purpose of finding and extracting petroleum oil

Example:
The company discovered a new oil well in the desert.
The oil well has been producing thousands of barrels a day.