Directional Drilling involves techniques used to control the direction and deviation of the drilling process to reach a specific subsurface target. This entry discusses its definition, history, techniques, applications, and related terms.
Discovery Value Accounting is an accounting method used primarily in the extractive industries, like oil and gas, where increases in discovered reserves signify an increase in assets and future earnings.
An in-depth explanation of the drill string, its components, functions, and relevance in drilling operations.
Exploration encompasses investigative activities aimed at locating oil and gas reserves, employing geological, geophysical, and drilling techniques to assess potential sites for energy extraction.
An in-depth look at fracturing fluid, its components, applications in hydraulic fracturing, and its impact on the oil and gas industry.
An in-depth overview of the Lease Operate Statement (LOS), which provides a comprehensive breakdown of operational expenses and revenues for an oil or gas property.
MBOE stands for 1,000 barrels of oil equivalent, a unit of energy commonly used in the oil and gas industry to compare various forms of energy.
Net Profit Interest refers to the entitlement of an individual or entity to receive a part of the net profits generated from a property, frequently observed in the oil and gas industry.
A detailed examination of Net Revenue Interest (NRI), its historical context, calculations, importance in the oil and gas industry, and related terminologies.
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 in-depth examination of Overriding Royalty Interest (ORRI), its definition, types, applications, and historical context within the oil and gas industry.
Petroleum Engineering encompasses reservoir, drilling, and production engineering, covering the exploration, extraction, and management of oil and gas resources.
A comprehensive exploration of the Petroleum Revenue Tax, its historical significance, types, and implications for the oil and gas industry in the UK.
Proven reserves refer to the subset of recoverable reserves that have been confirmed through extensive data and analysis to have a high certainty of being recovered, often exceeding a 90% confidence level.
Comprehensive overview of reserves in finance, accounting, and natural resources, detailing their types, applications, and historical context.
Reservoir Engineering is a crucial branch of petroleum engineering focusing on optimizing the extraction of hydrocarbons from reservoirs. This article explores its historical context, methods, significance, and more.
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.
Royalty Interest refers to the right to receive a portion of the production or income generated from a property, often found in contexts such as oil, gas, and mineral rights.
Explore the differences between Royalty Interest and Working Interest in the oil and gas industry, including definitions, financial implications, examples, and historical context.
Smart Pigging is the use of advanced devices to inspect pipelines internally, ensuring safety, efficiency, and maintenance.
A Top Drive is a motor system that provides rotation to the drill string directly from the top, offering more precise control than traditional rotary tables.
An in-depth exploration of geological traps, their types, significance in the hydrocarbon industry, and detailed explanations.
Unitization involves coordinating all operations within a given area or reservoir to optimize resource extraction, ensuring efficient and equitable distribution of resources, maximizing recovery, and minimizing environmental impact.
Comprehensive coverage of the upstream sector in the oil and gas industry, encompassing activities related to the exploration and extraction of crude oil.
Vertical drilling involves drilling a well straight down. It is simpler but less effective for accessing certain types of resources.
A comprehensive guide on wellhead, the component at the surface of an oil or gas well that provides the structural and pressure-containing interface.
A Wildcat Well is an exploratory well drilled in unproven areas, which runs a high risk of being a dry hole.
Mineral rights refer to the legal privileges that grant the holder the right to extract and profit from valuable resources, including oil, gas, and minerals, found on or below the surface of a parcel of land. These rights can be sold or leased independently of the land ownership.
A comprehensive overview of Oil and Gas Limited Partnerships, their structure, roles, and functionality within the oil and natural gas industry.
A Royalty Trust is an investment vehicle in which an oil or gas company spins off its producing properties, providing significant tax benefits and steady income to shareholders.
Comprehensive Overview of Working Interest in the Oil and Gas Industry, Covering Development and Operational Responsibilities, Historical Context, Examples, and Related Terms.
A comprehensive guide to understanding the Barrel of Oil Equivalent (BOE), including its definition, methods of calculation, historical context, and practical applications in the energy sector.
A comprehensive overview of Depreciation, Depletion, and Amortization (DD&A), including definitions, methodologies, examples, and its application in the oil and gas industry.
This article explains the EV/2P Ratio, its significance in valuing oil and gas companies, how to calculate it, and provides examples and insights into its practical applications.
Explore the held-by-production clause in oil and gas leases, its definition, how it operates, and its legal and operational implications.
A comprehensive exploration of hydraulic fracturing, including its definition, historical development, the techniques used, benefits, and the controversies surrounding its practice.
Explore the intricacies of Oil ETFs, how they work, key benefits, and associated challenges. Get detailed insights into this unique type of fund that invests in the oil and gas industry.
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.
An in-depth exploration of Volumetric Production Payments (VPPs), their definition, how they work, examples, historical context, and their role in the oil and gas industry.
Comprehensive overview of Working Interest in oil and gas drilling operations, including its meaning, advantages, disadvantages, and implications for investors.
