To dry up (of springs, ponds, etc.); to become exhausted or depleted (often used for sources of water or things that once flowed).
長引く日照りで村の井戸が涸れてしまった。
After the prolonged drought, the village well dried up.
小さな泉が涸れて、周りの植物が枯れ始めた。
The small spring ran dry, and the surrounding plants began to wither.
資金が涸れてしまい、事業を続けられなくなった。
Funds were exhausted, and we could no longer continue the project.