API Gravity is a measure of how heavy or light a petroleum liquid is compared to water, providing an essential metric for the petroleum industry.
An in-depth look at fracturing fluid, its components, applications in hydraulic fracturing, and its impact on the oil and gas industry.
Intangible Drilling Costs (IDC) are expenses related to drilling that can be expensed for tax purposes. These costs are crucial for the energy and oil industry.
An in-depth exploration of Joint Operating Agreements, their historical context, key elements, and applicability in various industries.
An in-depth exploration of the midstream sector, involving the transportation, storage, and wholesale marketing of crude oil, natural gas, and refined products. This article covers historical context, categories, key events, mathematical models, charts, importance, examples, and much more.
Oil produced in the North Sea has had a profound impact on the UK's economy, energy production, and geopolitical landscape. This article covers the historical context, technological advances, key events, and the long-term implications of North Sea oil production.
An in-depth exploration of Overriding Royalty Interest, a perspective interest carved out of the lessee’s interest in the oil and gas industry, generally free from production costs.
An exploration of Performance-Based Regulation (PBR), a regulatory approach that links revenues to performance metrics instead of costs.
Probable reserves refer to the estimated quantities of oil which have at least a 50% probability of being commercially recoverable, playing a crucial role in the oil and gas industry's resource classification.
A detailed examination of Production Sharing Agreements (PSAs), which dictate the distribution of oil production revenue between host governments and oil companies.
An in-depth look into refineries, the industrial plants where crude oil is transformed into useful products such as gasoline, diesel, and petrochemicals.
Reserve Replacement Ratio (RRR) measures the amount of proved reserves added to a company's reserve base relative to the amount produced in a given year. This metric is essential for assessing a company's ability to sustain production levels.
A comprehensive article exploring the Ring Fence Corporation Tax (RFCT) which is specifically applied to profits from oil and gas extraction in the UK, including historical context, key events, applicability, and more.
Individuals or entities entitled to a percentage of the revenue from the resources extracted from the land they own.
Comprehensive coverage of the upstream sector in the oil and gas industry, encompassing activities related to the exploration and extraction of crude oil.
Utilities encompass companies that provide essential public services, including electricity, water, and natural gas, and they operate under a unique regulatory environment with stable revenue models.
Comprehensive definition of an Independent Producer in the context of the oil market, including applicable tax considerations and percentage depletion rate.
The principal value of an oil or gas property, demonstrated through prospecting, exploration, or discovery work, distinguishing between development wells and wildcat wells.
A detailed exploration of 3P oil reserves, including definitions, calculation methods, historical context, and practical applications in the energy industry.
Explore the held-by-production clause in oil and gas leases, its definition, how it operates, and its legal and operational implications.
A comprehensive overview of the Midstream stage in the Oil and Gas Industry, its functions, components, importance, and how it differs from Upstream and Downstream operations.
An in-depth examination of the Upstream Capital Costs Index (UCCI), detailing its purpose, methodology, components, historical context, and significance in the oil and gas industry.
An in-depth look at the upstream segment in the oil and gas industry, focusing on exploration and production stages, associated activities, challenges, and its importance within the broader energy sector.
Discover the career and contributions of William Cavanaugh III, former Lead Director on the Board of Directors of Duke Realty, and a prominent figure in the energy sector and philanthropy.
Comprehensive overview of Working Interest in oil and gas drilling operations, including its meaning, advantages, disadvantages, and implications for investors.
