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billbarrettcorp.com
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Definitions (29)
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3P
The summation of all proved, probable and possible reserves in a resevoir.
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Bbl
Stock tank barrel, or 42 U.S. gallons liquid volume.
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bcf
Billion cubic feet of natural gas.
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Bcfe
Billion cubic feet equivalent, determined using the ratio of six Mcf of natural gas to one Bbl of crude oil, condensate or natural gas liquids.
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Developed acreage
The number of acres that are allocated or assignable to productive wells or wells capable of production.
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Gross acres or gross wells
The total acres or wells, as the case may be, in which a working interest is owned.
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Horizontal Drilling
A drill rig operation of drilling vertically to a defined depth and then mechanically steering the drill bit to drill horizontally within a designated zone typically defined as the prospective pay zone to be completed for oil and or gas.
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Hydraulic fracturing
The injection of water, sand and additives under pressure, usually down casing that is cemented in the wellbore, into prospective rock formations at depth to stimulate natural gas and oil production.
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mbbls
Thousand barrels of crude oil or other liquid hydrocarbons.
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Mcf
Thousand cubic feet of natural gas.
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