[BuckeyeTexan]

It appears to have a drain of some sort. Here's a photo of the bottom of the drum.

And just for grins, here's a photo of the inside as best as I could get it.

[353FMG]

This could be an indication that the drum was used for something else before it was placed on that small dolly. If there had been a drain valve it was probably cut off because it would have interfered with the low elevation of the drum bottom.