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Definitions (73)
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waterflood
An improved oil recovery technique that involves injecting water into a producing reservoir to enhance movement of oil to producing wells.
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Acreage
Land leased for oil and gas exploration and/or land for which Millennium Exploration owns the mineral rights.
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Anticline
A convex-upward formation of rock layers, which may form a trap for hydrocarbons.
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barrel of oil equivalent
A measure used to aggregate oil and gas resources for production, with one BOE being approximately equal to 6,000 cubic feet of natural gas.
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Basin
A large, natural depression on the Earth’s surface, in which specimins brought by water accumulate.
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borehole
A hole in the earth made by a drilling rig.
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British thermal unit
The heat required to raise the temperature of a one-pound mass of water by one degree Fahrenheit.
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casing
Thick-walled steel pipe placed in wells to isolate formation fluids (such as fresh water) and to prevent borehole collapse.
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Coal Bed Methane
Natural gas extracted from coal beds.
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completion
The process of making a well ready to produce natural gas or oil. Completion involves installing permanent equipment, such as a wellhead, and often includes hydraulic fracturing.
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