Common oil and gas industry terms explained a financial institution such as bank, brokerdealer, insurance company or business development company. The oil and gas activity application and operations manual detail. A colorless, odorless, poisonous gas produced by the incomplete burning of solid, liquid, and gaseous fuels. Mostly coming from user contributions, it is contextual and is meant for indicative purposes only.
Dictionary of oil industry terminology free download as pdf file. The oil and gas industry uses many jargons, acronyms and abbreviations. Oil and gas leases have been the staple of the oil and gas industry in the u. A clear title is a chain of title without any kind of lien or levy from creditors or other third parties and poses no question as to legal ownership. Oil region books, oil city, pa reprinted by permission from the author copies available from the oil150 store. The measuring scale is calibrated in terms of degrees api, it may be calculated in terms of the following. It includes words and phrases describing professions, equipment, and procedures specific to the industry.
Applicant a company or operator is referred to as the applicant prior to and during the. It contributes significantly to the gross domestic product gdp of many nations and generates billions of. The growing and changing nature of lng means that its language brings together terms from the worlds of finance, utilities, trading and. In 2017, 92% of transportation fuel came from petroleum,2 while 32% of electric power and the majority of nonelectric commercialresidential energy came from natural gas. The sec s office of investor education and advocacy is issuing this. Oil gas glossary pdf oil gas glossary pdf oil gas glossary pdf download. The cutting or boring element used in drilling oil and gas wells. Natural gas volumes are converted to barrels on the basis of energy content.
A chronological history of ownership of a tract of land. It may also include slang terms used by oilfield workers to describe the same. It offers publications regarding recommended industry practices and training materials. It is not intended to be a definitive or exhaustive reference, nor should it be. Take a look at some of the terms youll encounter working in the industry below.
Colorado oil and gas conservation commission website. An oil refining unit in which propylene or butylene reacts with iso2 glossary of industry terms. The bit consists of a cutting element and a circulating element. The technique of pumping a form of hydrochloric acid down the well hole to enlarge the pore space in oil bearing rocks. Environmental impacts of the oil and gas industries. This discipline defines terms pertaining to earthits history, structure, composition, life forms and processes that continue to shape and change it. 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.
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. Oil and gas glossary oilfield glossary oil and gas. A typical packer assembly incorporates a means of securing the packer against the casing or liner wall, such as a slip arrangement, and a means of creating a reliable hydraulic seal to isolate the annulus, typically by means of an expandable elastomeric element. A well blows out when formation pressure exceeds the pressure being applied to it by the column of drilling fluids and measures are unsuccessful in rectifying this situation. Havard devold oil and gas production handbook an introduction. With the appearance of automobiles and more advanced consumers, it was necessary to improve and standardize the marketable products. A dictionary for the oil and gas industry petroleum extension service petex on. The amount of gas used presented in a unit of measurement applicable to natural gas i.
This broad field of science covers many subspecialties. For it to be the fuel that can go into a car or converted into plastics, it must go through a. Oil has been used for lighting purposes for many thousands of years. Listed below are helpful terms and definitions of different oil and gas deeds as well as definitions of estate and probate terminology commonly seen when transferring oil and gas royalties from estates. The objective of this glossary is to provide our clients with a useful reference guide to the language of commodity trading and risk management. A well blows out when formation pressure exceeds the pressure being applied to it by the column of drilling fluids and measures are unsuccessful in rectifying this. When all the reservoir and hihgpressure zones in a well are sealed with cement so that no fluid can escape. This list is meant for indicative purposes only and should not be relied upon for anything but general information.
Production casing is the pipe through which oil and gas is produced. Environmental impacts of the oil and gas industries the sensitivity of exploration activities including the definition of no go times or conditions. 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. A device that is attached to the shaft of the drawworks and used as a power source for screwing together joints of pipe. This dictionary is a must in the library of every young engineer. The terms dry and wet gas refer to the condition of the gas at the wellhead. It is the gas volume or other energy resource expressed in barrels of crude oil at 60of, and which are equivalent to the same amount of energy energetic equivalence obtained from the crude oil. B barrel, commonly abbreviated to bbl a unit of volume measurement used for petroleum and its products around 7. Dictionary of oil industry terminology oil well barrel. The schlumberger oilfield glossary has received awards of excellence from the business marketing association and the society for technical communication. Gas leasing terminology a to z this is by no means a complete list of terms used. 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.
List of abbreviations in oil and gas exploration and production. Our glossary provides a comprehensive guide to the many expressions used. Liquid, gaseous and solid hydrocarbons, including oil, natural gas, gas condensate, ethane, propane, butane and pentane. Terms used in the oil industry institutional data base diagram index the oil industry in mexico seismic exploration crude oil and natural gas production.
Abandon to cease efforts to produce oil or gas from a well, and to plug a. The term is commonly used in the oil and gas business to convey working interest, leases, royalty, overriding royalty interests and net profit interests. The oil and gas industry natural resource governance. 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. The sector is typically referred to as midstream, to. The content is based on information current to 1 january 2019, unless otherwise indicated in the text of the chapter. Updated to add extra terms to the list if youve looked at any oil and gas reference books or even glance online. Bakken shale process characteristics needed to estimate emissions quantity of gas vented per barrel of oil production mcfbbl fraction of gas flared.
Learn vocabulary, terms, and more with flashcards, games, and other study tools. We also have a page of oil and gas abbreviations and acronyms. As the voice of the upstream oil and natural gas industry in canada, we provide a comprehensive glossary of industry terms. Any director, officer or general partner of the issuer. Refining what comes out of the ground is not often a form of petroleum that can be used right away.
Associated gas venting refers to the practice of venting gas produced at oil wells where the well is not connected to a gas sales pipeline may be flared e. The oil and gas industry is the largest sector in the world in terms of dollar value. The oil and gas industry uses many acronyms and abbreviations. 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. Petroleum and natural gas are the largest energy sources for the united states. The glossary and definitions is broken down alphabetically, and also by section relevant to industry activity. Launched in 1998, the oilfield glossary, which includes more than 4600 entries, continues to expand and improve.
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. Energy information administration natural gas annual 201 glossary aquifer storage field. Drilling during drilling, a drilling mud is continuously circulated between the well and the platform through a riser pipe. 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. Bld bailed refers to the practice of removing debris from the hole with a cylindrical container on a wireline. Associated gas natural gas produced with crude oil from the same reservoir. The degree to which gas or fluids can move through a porous material, such as rocks. The wet gas enters the absorber at the bottom and rises to the top, encountering a stream of absorption oil a light oil traveling downward over bubblecap trays, valve trays, or sieve trays.
Glossary of oil and gas terms learn the language of oil. The oilfield glossary schlumberger oilfield glossary. The oil and gas industry uses many acronyms and abbreviations this list is meant for indicative purposes only and should not be relied upon for anything but general information. Historically, we know the tales of eternal fires where oil and gas seeps ignited and burned. Glossary petroleum information on petroleum and crude oil. Obviously, this list is not anywhere near exhaustive or definitive, but this should be the most comprehensive list anywhere. Blowout a temporary uncontrolled flow of gas, oil, or other well fluids from a well to the atmosphere. Application a person can apply to the commission for an oil and gas permit by submitting an. Steel pipe placed in an oil or gas well as drilling progresses to prevent the wall of the hole from caving in during drilling, to prevent seepage of fluids, and to provide a means of extracting petroleum if the well is productive. A marketing company that buys and resells gas and is owned. Crosscommodity trading is also a new reality from oil, gas, lng, co2 allowances, to coal, basic and precious metals and uranium requiring familiarity with trading terminology among a wider range of professionals. The ph of an oil, which may or may not influence the behavior of the oil, depending on the exact mechanism of by which the ph is achieved. Its primary uses are for blending into gasoline, for. Gas has been produced from this formation for several decades.
Largediameter pipe lowered into an openhole and cemented in place. At production or shortly after, the gas separates from the oil. These are some of the most commonly used oil and gas terms. 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.
Packers are classified by application, setting method and possible retrievability. List of abbreviations in oil and gas exploration and. Air hoists are often mounted on the rig floor and may be used to lift joints. An element that is present in crude oil and natural gas as an impurity. Comments reflect the view and opinion of the person who posts such view or opinion.
Offshore oil and gas industry abbreviations and acronyms. Oil and gas production handbook an introduction to oil. Glossary of oilfield production terminology got definitions and abbreviations. It is usually located on the drillers side of the drawworks. To recover liquid hydrocarbons from natural or refinery gas in a gas absorption plant. 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. 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. To permanently plug a dry hole or well that no longer produces. The global oil and gas tax guide summarizes the oil and gas corporate tax regimes in 86 countries and also provides a directory of ey oil and gas tax and legal contacts. 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. Acidbase and blood gas terminology flashcards quizlet.
We are constantly using and adapting words to fit our everchanging culture. 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. 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. Butane occurs naturally in crude oil and natural gas and is the product of a variety of refinery processes. Az glossary of petroleum terms used on this site amd relating to the petroleum industry. Casinghead gas gas produced from the casinghead the top of the pipe of an oil well. Oil and gas well drilling and servicing etool glossary of. This term is frequently used to compare natural gas in units of crude oil. The content is based on information current to 1 january 2018, unless otherwise indicated in the text of the chapter. Oil and gas well drilling and servicing etool glossary. There are many terms that are synonymous with the oil and gas industry. Dictionary of oil, gas, and petrochemical processing. 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. Investors the conocophillips glossary of oil and gas terms is.
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