The national academies, advisers to the nation on science, engineering, and medicine, provides objective information about the united states current energy sources and uses, as well as a look forward to the future of energy. Introduction proponents of drilling the recently found natural gas shale in north carolina frequently point to the economic benefits that hydraulic fracturing will bring to the state and to job seekers. Gases are normally compared to air in terms of its density. Shale gas glossary acquifer a single underground geological formation, or group of formations, containing water. The future for the oil and gas industry has changed.
The online ei source book platform was conceived and. Oil and gas glossary of terms business finance solutions. A hole drilled in an area where at that moment there is not oil andor gas production, but the oil exploration studies state the probability of finding hydrocarbons there. As used in pipeline safety regulations gas is considered to be natural gas, flammable gas, or gas which is toxic or corrosive. Shale gas has become an increasingly important source of natural gas in the us over the past decade, and interest has spread to potential gas shales in the rest of the world. The oilfield glossary schlumberger oilfield glossary. To cease efforts to produce oil or gas from a well, and to. Article on the basics of oil and gas production for mineral rights owners. Those activities in the oil and gas industry which take place away from the. List of abbreviations in oil and gas exploration and. Gas from several wells is gathered through a series of small pipelines gathering lines and then. Oil has been used for lighting purposes for many thousand years.
A device that removes air or gases methane, h 2 s, co 2 and others from drilling liquids. Search for acronym meaning, ways to abbreviate, or lists of acronyms and abbreviations. The oil and gas lease is a unique form of legal transaction with its own peculiar language and rules, and its basic terms have developed over the years to serve the needs of landowners and the. Any director, officer or general partner of the issuer.
Exploration searching for crude oil andor natural gas by utilizing geological and topographical studies, geophysical and seismic surveys, and drilling of wells. Historically, we know the tales of eternal fires where oil and gas seeps ignited and burned. The oil and gas industry overview and trends nrgi reader april 2015 this reader is intended for use in conjunction with the natural resource charter. The course also introduces learners to economics and business risks and opportunities through the upstream value chain. Clear terms and definitions that result in reliable and easily comparable reserves estimations are essential for investors, regulators, governments and consumers not only in assessing a petroleum. Pdf the role of national and international oil companies in. This list is meant for indicative purposes only and should not be relied upon for anything but general information. It offers publications regarding recommended industry practices and training materials. These requirements are in addition to, and apart from, the requirements of. For over 100 years the story was one of growth in production to supply a largely westerndriven market, and of competition between private. It is usually located on the drillers side of the drawworks.
Abbreviations and acronyms aofp absolute open flow potential aopl association of oil pipe lines apcd air pollution control district apd application for permit to drill api american petroleum institute apm application for permit to modify appre appraisal report aps active pipe support aq air quality. Browse a comprehensive alphabetized list of natural gas terminology. Basic division order calculations workshop 2 foreward 2 i. 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. Oil and gas leases have been the staple of the oil and gas industry in the u. Oil quantity can be converted into gas quantity in a similar fashion, and gas producers often refer to production in terms of gas equivalency using the term mcfe. A device that is attached to the shaft of the drawworks and used as a power source for screwing together joints of pipe.
Offshore oil and gas industry abbreviations and acronyms. The oil and gas industry generates hundreds and thousands of job opportunities all around the world. The measuring scale is calibrated in terms of degrees api, it may be calculated in terms of the following formula. Any form or mixture of gases produced in refineries by distillation, cracking, reforming, and other processes. Converting a drilled well to a condition that can be left indefinitely without further attention and will not damage freshwater supplies, potential petroleum reservoirs or the environment. It is a key sector for individuals who have studied and wish to pursue careers in science, technology, engineering and maths stem subjects. Nri calculations of mineral owner pooled unit 11 v. Want to understand the basics of americas current energy situation. While every care is taken in the collection and compilation of data, the survey is interpretative and indicative, not conclusive. There are no objectives or universal standards in determining the terms that balance the interests of a company to minimize its. We know there are a terms related to the natural gas industry. Epa regi oommen and mike pring, eastern research group april 14, 2015 2015 emission inventory conference san diego, ca.
Dictionary of energy terms explanatory glossary on oil and natural gas sector of azerbaijan. Oil and gas law is unique given the very nature of oil and gas, and the terms and phrases about this area of law are equally unique. Since the jubilee field reached first oil in 2010, two new projects have been developed in ghanas offshore waters. Darcy concessions of 1901 until the more recent buy back contracts. In anglosaxon law, the primary redress for a breach of contract is the imposition of damages to compensate the innocent party for losses suffered as a consequence of that breach. Pat pick the date selected pages not a complete plan quality manual reporting forms inspection forms contact. Meyers and a great selection of related books, art and collectibles available now at. Gas contracts and agreements gas contracts and agreements unlike oil, gas cannot be moved by truck or similar methods. Oil and gas basics on the topics of drilling, production, pricing and marketing. The oil and gas industry uses many acronyms and abbreviations. An oil refining unit in which propylene or butylene reacts with iso2 glossary of industry terms. As the voice of the upstream oil and natural gas industry in canada, we provide a comprehensive glossary of industry terms.
Common problems from experienced oil and gas states c. Oil has been used for lighting purposes for many thousands of years. The twenneboa, enyenra, and ntomme ten fields with an estimated 240 mmbo and 396 bcf of gas 2 started production in august. 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. An overview of oil and gas upstream activities and using epas nonpoint oil and gas emission estimation tool for the 2014 nei jennifer snyder, u. Nm ocd oil and gas map user guide this user guide will give you a brief overview of the functionality and features of the nm ocd oil and gas map. Common oil and gas industry terms explained a financial institution such as bank, brokerdealer, insurance company or business development company.
The oil and gas industry is one of the largest sectors in the world in terms. Investors the conocophillips glossary of oil and gas terms is. In terms of proved oil and natural gas reserves, texas has 22 percent. 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. Timing between the two components can take years and usually does. Air hoists are often mounted on the rig floor and may be used to lift joints. The schlumberger oilfield glossary has received awards of excellence from the business marketing association and the society for technical communication.
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. English vocabulary for oil and gas professionals tlg blog. Shale gas is natural gas formed from being trapped within underground shale formations. Pdf dictionary of energy terms explanatory glossary on. A hole drilled in an area where at that moment there is not oil and or gas production, but the oil exploration studies state the probability of finding hydrocarbons there. The practice of drafting and interpreting oil and gas leases. Converting a drilled well to a condition that can be left indefinitely without further attention and will not damage freshwater supplies, potential petroleum reservoirs or. Shale oil shale oil is oil contained within shale that can be extracted without.
Land leased for oil and gas exploration andor land for which conocophillips owns the mineral rights. Pdf oil and gas production technology training manual. English vocabulary for oil and gas professionals 03 march, 2017 tips and vocabulary erin oneill. In this piece, we list six contracting terms of which everyone working in the oil and gas sector should have at least a partial understanding. The objective of this glossary is to provide our clients with a useful reference guide to the language of commodity trading and risk management. T his glossary of common oil and gas terms and definitions will aid newcomers as well as experienced royalty owners or mineral owners with the terminology used in the oil and gas industry.
Most negotiation over the terms of an oil and gas lease centers on these two differing concepts. There is no such thing as a standard or statutory oil and gas lease. The fiscal terms that govern the relationship between these parties determine how the financial benefits and risks of extractive projects will be divided. It includes several terms for which there is no single, commonly accepted definition in the petroleum industry. And i am happy to report that the book was both edifying and enjoyable. These terms are frequently found in proposals, leases, contracts, and other oil and gas business transaction documents. However, a typical producer oriented lease is known as the producers 88 form. Gas has been produced from this formation for several decades. In most countries, the extractive industries develop and operate through relationships between sovereign governments and private companies. Havard devold oil and gas production handbook an introduction. A marketing company that buys and resells gas and is owned. We also have a page of oil and gas abbreviations and acronyms.
Glossary of oilfield production terminology got definitions. Manual of oil and gas terms is an easytouse desk reference that defines the words and phrases most useful to lawyers, landmen, accountants, investors in oil and gas properties, students and others involved in the industry. The oil and gas industry natural resource governance. Bld bailed refers to the practice of removing debris from the hole with a cylindrical container on a wireline. Introduction to oil and gas the announcement of cambodias first significant petroleum discovery in january 2005 has put cambodia on a path to becoming a new oil producer. For it to be the fuel that can go into a car or converted into plastics, it must go through a. Glossary of oil and gas terms learn the language of oil. Oil and gas production in texas bureau of economic geology. Thats why we put together the natural gas glossary to help you find the words you need to understand the industry. Sign in here or forgot password sign up now and get free access to our extensive library of reports, infographics, whitepapers, webinars and online events from the worlds foremost thought leaders. Annotated manual of legal engineeringtax words and phrases by howard r. With liquefied natural gas lng playing an increasingly important part in the worlds energy mix, familiarity with lng terminology is needed by a growing number of professionals.
Oil and gas glossary oilfield glossary oil and gas. A general classification for one of the petroleum fractions produced in conventional distillation operations. The world petroleum industry has a long history and oil has not always benefited people in the countries where it is discovered for reasons not always easy to understand. Refining what comes out of the ground is not often a form of petroleum that can be used right away. The enduser community using this resource is diverse, and includes representatives of government, industry, academic institutions, nongovernmental organizations, and individuals. Oil and gas well drilling and servicing etool glossary. Oil, gas, and mining fiscal terms natural resource. The oil and gas industry has many unique terms and abbreviations. Launched in 1998, the oilfield glossary, which includes more than 4600 entries, continues to expand and improve. Here are some of the terms youll encounter authorization for expenditure afe a document shown to investors in a well that will estimate drilling and completion. We provide live feeds designed to help energy professionals, field personnel, business owners, and senior business leaders get the latest energy news and data, energy industry press releases and.
The content is based on information current to 1 j anuary2017, unless otherwise indicated in the text of the chapter. Oil and gas law is also different from the law that applies to the ownership, leasing, and. Fiscal regimes, petroleum contracts, and natural gas. Louisiana dnr glossary of terms term description abandoned well an oil and gas well which has no reported production, disposal, injection or other permitted activity for an extended period of time and the current operator of record has failed to maintain the oilfield site in accordance with state rules and regulations. This application will run in most web browsers including safari, chrome, and internet explorer microsoft edge is the exception to this. Guidelines for environmental assessment and management in the offshore oil and gas development an overview of ghanaian environmental assessment procedure, oil and gas development issues and management approaches 1 glossary of terms in these guidelines, the following terms mean. The global oil and gas tax guide summarizes the oil and gas corporate tax regimes in 7 countries and also provides a directory of ey oil and gas tax and legal contacts. Oil gas glossary pdf oil gas glossary pdf oil gas glossary pdf download. Glossary of oil and gas terms acreagecontribution agreement a support agreement by which the contributing party agrees to contribute leases or interests in leases in the area of a test well to a drilling party in exchange for information, if the drilling party drills to an agreed depth and develops the information. Additionally, this glossary may be a valuable resource for educating key stakeholders. Manual of oil and gas terms is an easytouse softcover desk reference that defines the words and phrases most useful to lawyers, landmen, accountants, investors in oil and gas properties, students and others involved in the industry. Differentiating fiscal terms gas vs oil 2 increasing trend toward linking fiscal take to project profitability permits the same fiscal terms to apply to oil and gas automatically provides lower take from less valuable projects and vice versa major issue.