Oil gas terms in category w oilfield glossary oil and. Glossary 6 delay rental a payment from the lease holder to the lessor to maintain the lease from period to period during the primary term without drilling. These terms are frequently found in proposals, leases, contracts, and other oil and gas business transaction documents. The first page or pages on a log print, which include information about the well, the survey, the mud properties and other relevant data. The acquisition of part or all of an oil, natural gas or mineral interest from a third party.
A measure of the ability of a colloidal dispersion to develop and retain a gel form, based on its resistance to shear. Increase the flow of oil from a well by introducing acid into a. The ratio of produced water to oil varies from well to well and over the life of the well. For refined oil products, a backhaul is simply the delivery of one product by tank truck, barge, or rail and the use of the vessel to transport back back haul.
A procedure undertaken to attempt to increase the flow of oil or gas from a well. Pdc energy a core wattenberg field and delaware basin producer. Fee interest a property interest of potentially infinite duration. A unit of volume measurement used for petroleum and. Produced water is water that comes out of the well with the crude oil during crude oil production. Dictionary of oil, gas, and petrochemical processing. Means the oil and gas conservation act of the state of colorado.
The rising interest in the internet of things iot and digital business transformation means that new opportunities will emerge and associated risks will need to be mitigated. Oil and gas glossary of terms business finance solutions. Boe barrels of oil equivalent 5,800 scf of lean gas is equivalent to 1 bbl of oil in calorific terms bog boiloff gas. Oil and gas glossary of terms business finance solutions 512. For industrial and assetintensive companies such as manufacturing, energy, oil and gas, and transportation, ot forms the operating platform of the organization. Barrels of oil equivalent the factor used to convert volumes of different hydrocarbon production to barrels of oil equivalent. Cooger california offshore oil and gas energy resources cpf carpinteria oil and gas processing facility cpu cavern point unit cslc california state lands commission. A fluid usually crude oil, diesel oil, or water is pumped into the reservoir, with such great force that the reservoir rock is physically broken and split open. Bld bailed refers to the practice of removing debris from the hole with a cylindrical container on a wireline.
Barrel a unit of volume measurement used for petroleum and its products 7. Thank you for visiting our website you are exiting the department of labors web server. Dictionary of oil industry terminology definitions acronyms and abbreviations artificial drive methods of producing oil when natural reservoir pressures are insufficient or have declined, such as injection of gas or water into the reservoir structure. Business finance solutions has helped numerous companies in the oil and gas industry with production financing, working capital, mergers and acquisitions over.
In addition, it contains a highlevel overview of the accounting for business acquisitions that 1 highlights certain nuances that distinguish a business from an asset, 2 discusses the steps in accounting for a business acquisition, and 3 emphasizes. Suppliers definitions of these terms vary from supplier to. Produced water contains soluble and nonsoluble oilorganics, suspended solids, dissolved solids, and various chemicals used in the production process. This dictionary is a must in the library of every young engineer.
Offshore oil and gas industry abbreviations and acronyms. When it and operational technology converge smarter with. Questions and answers shale gas glossary acquifer a single underground geological formation, or group of formations, containing water. This list is meant for indicative purposes only and should not be relied upon for anything but general information. Workover remedial work to the equipment within a well, the well pipework, or relating to attempts to increase the rate of flow. Net production is the companys share of total production after deducting both royalties paid to landowners and a governments agreedupon share of production under a psc. The schlumberger oilfield glossary is an evergreen, instant reference that takes up no space on your bookshelf and offers many special features. The maintenance work performed on an oil or gas well to improve or maintain the production from a formation already producing. In this booklet i capture, primarily, the most common. Gas leasing terminology a to z this is by no means a complete list of terms. Delayrental clause an oil and gas lease clause giving the lessee the right to maintain the lease. A subsurface natural geological reservoir, usually a depleted oil or gas field. Glossary of oil and gas terms english to spanish quizlet. Glm gas lift mandrel alternative name for side pocket mandrel glr gas liquid ratio glt glt log glv gas lift valve glw goc gas oil contact gom gulf of mexico gop geological operations report gor gas oil ratio gosp gasoil separation plant gpit inclinometry tool log gplt geol plot log gpsl geo.
Oil and gas reserves that have not been produced but have been located and have been determined recoverable. Common oil and gas industry terms explained a financial institution such as bank, brokerdealer, insurance company or business development company. I cannot claim to include all the possible acronyms as i am sure there are many more which are not referred here. Natural gas produced with crude oil from the same reservoir. It was founded in 1997 by the oil and gas industry trade associations with the aim of reducing the uk offshore oil and gas industry injury rate by. Baseline water sampling see colorado oil and gas conservation. The way in which suppliers of electricity, natural gas, or fuel oil classify and bill their customers. Hussameldin ibrahim, university of regina, saskatchewan, canada with the dictionary of oil, gas, and petrochemical processing, the authors provide a great service to the industry and, in particular, to those entering the field. Additionally, this glossary may be a valuable resource for educating key stakeholders within the oil and gas, utilities and mining industries, including employees, customers, shareholders and. In areas where oil is found in shallow reservoirs, seeps of crude oil or gas may naturally develop, and some oil could simply be collected from seepage or tar ponds. It offers publications regarding standards, recommended practices, and other industry related information.
Industrial iot development offers a host of benefits, including better accuracy, more and better sensors, and cost savings. Our mission is to efficiently and safely produce energy, while respecting the environment, in order to power and better. It was founded in 1997 by the oil and gas industry trade associations with the aim of reducing the uk offshore oil and gas industry injury rate by 50%. Commonly used account classifications are residential, commercial, industrial, and other. American petroleum institute, a petroleum industry association that sets standards. Suspended well a well that has been capped off temporarily. The acid dissolves limestone in the producing zone which increases porosity thus the oil andor gas can flow into the well bore with less restrictions. The barrel of oil equivalent boe is a unit of energy approximate equal to the energy released by burning one barrel 158. Commonly used oil and gas related acronyms and abbreviations aapl all american pipeline aaqs ambient air quality standards apcd air pollution control district.
A marketing company that buys and resells gas and is owned. Pumping unit also called a pumpjack, oil horse, donkey pumper, horsehead pump, rocking horse, beam pump, dinosaur, grasshopper pump, big texan, thirsty bird or jack pump is the overground drive for a reciprocating piston pump in an oil well. Increasing the flow of oil from a well by pumping hydrochloric acid into the well under high. It is particularly prevalent when two dissimilar metals are present in an environment in which electricity can flow as two dissimilar joints of tubing in an oil or gas well. Our annual outlook reflects on recent deal activity, explores the impact of trade and commodity prices, and outlines five predictions for the year ahead.
The uk based partnership with the remit to make the uk the safest oil and gas exploration and production province in the world. The gel, or shear, strength of a drilling mud determines its ability to hold solids in suspension. Hydrochloric acid is pumped into the oilbearing rock. The department of labor does not endorse, takes no responsibility for, and exercises no control over the linked organization or its views, or contents, nor does it vouch for the accuracy or accessibility of the information contained on the destination server. List of abbreviations in oil and gas exploration and.
To permanently plug a dry hole or well that no longer produces. While every care is taken in the collection and compilation of data, the survey is interpretative and indicative, not conclusive. Any director, officer or general partner of the issuer. Gas leasing terminology a to z this is by no means a complete list of terms used. Antrim shale a shale deposit located in the northern michigan basin that is a devonian age rock formation lying at a relatively shallow depth of 1,000 feet. Sweet gas natural gas free of significant amounts of hydrogen sulfide h2s when produced.
The oil and gas industry uses many acronyms and abbreviations. A technique used to increase the flow of oil andor gas out of a well. Natural gas associated with oil accumulations, which may be dissolved in the oil at reservoir conditions or may form a cap of free gas above the oil. A well drilled in exchange for a mineral interest in a property. Oil and gas well drilling and servicing etool glossary. List of abbreviations in oil and gas exploration and production. Doing so will involve high levels of cooperation between it and the groups managing the operational technology ot monitoring or controlling the physical devices and processes in the enterprise. Oil has been used for lighting purposes for many thousands of years. Conversion rate used by oil search for gas is 6,000 scf 1 boe up to and including 20 production. It is important to understand these terms to understand the legal implications of contracts and other business. Suppliers definitions of these terms vary from supplier. Quizlet flashcards, activities and games help you improve your grades.
Alkalinity the combining power of a base measured by the maximum number of equivalents of. The oil and gas industry has many unique terms and abbreviations. Sometimes used in the oil and gas industry, to refer to ownership of both the surface interest and the mineral interest. It usually involves repairs to the pump, rods, gas lift valves, tubing, packers, and so forth. An artificial hole drilled into the earth, usually cased with metal pipe, for the release of natural gas or oil.
The oilfield glossary schlumberger oilfield glossary. Oil gas terms in category g oilfield glossary oil and. Unassociated gas natural gas occurring alone, not in solution or as free gas with oil or condensate. Searched for m in all fields 4914 results found variables and numbers. Oil and gas aggregate operation are defined as the excavation or quarrying of aggregate that. Havard devold oil and gas production handbook an introduction. Dictionary of oil industry terminology definitions acronyms and abbreviations a aav annulus access valve ab3 valve alpha thames compact, quarterturn rotary, parallel fullbore, double block and bleed, expanding plug valve. Pdc energy a core wattenberg field and delaware basin. The study of life that existed in prehistoric or geologic times through fossils of plants and animals. A type of corrosion that occurs when a small electric current flows from one piece of metal equipment to another. There were several large headline transactions in 2019, but. Artificial lift sucker rodpumps nodding donkeys, gas lift, hydraulic pumps, and submersible electric pumps, used to aid the production of oil as reservoir pressure declines asphalt solid petroleum residue, similar to bitumen, tar and pitch associated gas natural gas which is dissolved in crude oil in the reservoir bar unit of pressure. Commonly used oil and gas related acronyms and abbreviations. Glossary of oilfield production terminology got definitions.
The amount of lng which evaporates from the tank during transportation or storage bow thruster propeller at the bow of a ship that provides transverse thrust as a manoeuvring aid bp boiling point. The objective of this glossary is to provide our clients with a useful reference guide to the language of commodity trading and risk management. Historically, we know the tales of eternal fires where oil and gas seeps ignited and burned. Oil and gas well drilling and servicing etool glossary of. Glossary 9 often seen in gas contracts and sometimes in oil and gas leases. To discontinue attempts to produce oil or gas from a well or lease and to plug the reservoir in accordance with regulatory requirements and recover equipment. In addition, it contains a highlevel overview of the accounting for business acquisitions that 1 highlights certain nuances that distinguish a business from an asset, 2 discusses the steps in accounting for a business.