ALVIN B. RUBIN, Circuit Judge:
An insured in the business of testing reservoir pressures in the wellbore of oil and gas wells sued its insurer to recover the cost of equipment lost while conducting such a test. The insurance policy contained an exclusion which provided that equipment forming part of a well-drilling operation was not insured. The district court interpreted the exclusion to preclude coverage for equipment lost by the wireline operator when conducting...
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