Glossary

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a
Acre
Assignee
Assignee
Assignment
Assignor

b
Barrel
Basin
Bcf
Bcfe
boe
boepd
bopd
Borehole
British thermal unit
Btu

c
Casing
Ccf
cf
Christmas tree
Compressor station
Condensate
Conveyance
Core sample
Cracker plant
Crude oil
Cubic foot

d
Decatherm
Decline curve
Delay rental
Directional drilling
Distribution line
Division order
Drill bit
Drill pipe
Drill string
Drilling rig
Dry gas
Dry hole
Dth

e
Ethane cracker

f
Flowline
Fracking

g
Gas field
Gas in place
Gathering line

h
HBP
Held By Production
Horizontal well
Hydraulic fracturing
Hydrocarbon

i
Injection well

k
Kick-off point

l
Lease bonus
Lessee
Lessor

m
Mbbl
Mboe
Mcf
Mcfe
Metering station
MMboe
MMBtu
MMcf
MMcfe

n
Natural gas
Natural gas liquids
NGLs

o
Oil and gas lease
Oil field
Oil in place
Operator
ORRI
Overriding royalty interest

p
Paid-up lease
Payzone
Permeability
Petroleum
Pipeline
Porosity
Possible reserves
Probable reserves
Processing plant
Producing well
Proven reserves
Pugh clause

r
Recoverable reserves
Refinery
Reservoir
Royalty
Royalty owner

s
Service pipeline
Shut-in well
Spudding

t
Tcf
Tcfe
Therm
Transmission line

u
Undivided interest

v
Vertical well

w
Wellhead
WI
Wildcat well
Working interest