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Definitions (51)
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Bbl
One barrel of crude oil, condensate or other liquid hydrocarbons equal to 42 United States gallons.
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bcf
One billion cubic feet of natural gas.
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boe
Barrel of oil 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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Boé
Barrel of oil 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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completion
The installation of permanent equipment for the production of oil and gas, or in the case of a dry hole, the reporting of abandonment to the appropriate agency.
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Development well
A well drilled within the presently proven productive area of an oil and natural gas reservoir as indicated by reasonable interpretation of available data, with the objective of completing in that res [..]
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exploitation
The development of a petroleum reservoir. See "Development Well".
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Exploratory well
A well drilled to find and produce oil or natural gas reserves not classified as proved, to find a new reservoir in a field previously found to be productive of oil or natural gas in another reservoir [..]
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Farm-in
An arrangement whereby one oil operator buys in or acquires an interest in a lease or concession owned by another operator on which oil or natural gas has been discovered or is being produced. Often f [..]
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field
An area consisting of a single reservoir or multiple reservoirs all grouped on or related to the same individual geological structural feature and/or stratigraphic condition.
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