![]() ![]() Oil and Gas Terminology – A glossary of commonly-used oil & gas terms with definitions. WI, Working Interest- Interest(s) in a well which bears the drilling and operating expenses. SWD, Salt Water Disposal Well - Well used for disposal of saltwater into an underground formation. 375 Topics, 2000 images, 700000 words no-nonsense plain language text, computer-ready math. The wellhead is removed, and the casing cut off 3-6 feet underground, and a steel plate welded over the top. After a well’s productive life, it is usually plugged and abandoned with cement and heavy mud. OGML, Oil, Gas, and Mineral Lease - The agreement outlining the basic terms of developing lands or minerals such as royalty to be paid, length of time, description of lands. Fracked - The award-winning action adventure, now on PC VRFrom the creators of the ground-breaking Phantom: Covert Ops, Fracked seamlessly collides relentless run and cover gunfights with free and fluid skiing and climbing, in trailblazing fashion. ![]() NRI, Net Revenue Interest - An owner's interest in the revenues of a well. These heavier hydrocarbon liquids, NGLs, traditionally have a higher value than the gaseous natural stream. NGL, Natural Gas Liquids - Gas that is processed through a plant to separate the heavier hydrocarbon liquids from the natural gas stream. MMcf - One million cubic feet a measurement of gas volume only. MMBtu - One million British thermal units a measurement of heating value. One piece construction to improve strength Thru Hardened 50 - 52 Rc Corner radius on blade cross-section can be special ordered. Overall lengths range from 5' to 10-3/8' and pin diameters range from 1/8' to 1/2'. Blades have a surface hardness of 50-52 Rc. LACT Unit, Lease Automatic Custody Transfer Unit, - A system providing for the automatic measurement, sampling, and transfer of oil from the lease location into a pipeline. PCS Ejector Blades are manufactured using a one piece construction to improve strength. GOR, Gas Oil Ratio - Number of cubic feet of gas produced per barrel of oil. BS&W, Basic Sediment and Water - Impurities and water contained in the raw fluid produced by an oil well.īTU, British Thermal Unit - The amount of heat required to raise the temperature of one pound of water one degree Fahrenheit under standard conditions of pressure and temperature.ĬO2 - Abbreviation for carbon dioxide. ![]()
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