Glossary of Terms

anion

negatively charged ions, formed when an atom gains electrons in a reaction

artesian

a confined aquifer containing groundwater that will flow upwards out of a well without the need for pumping

aquifer

an underground layer of water-bearing permeable rock

Bbl

a barrel, 42 U.S. gallons liquid volume or 0.15899 cubic meters (9,702 cubic inches)

Bbls

more than on Bbl

Bcf

one billion cubic feet of natural gas

biogenic

a substance produced by life processes

BTU

British Thermal Unit

bottomhole pressure

the pressure at the bottom of a borehole, which is caused by the hydrostatic pressure of the wellbore fluid

caliche

a hardened deposit of calcium carbonate

core analysis

laboratory analysis of a core sample that may determine porosity, permeability, lithology, fluid content, angle of dip, geological age, and probable productivity of the formation

DD&A

depreciation, depletion and amortization

dissolved gas

natural gas that is in solution with water in the reservoir

drill

to bore a hole in the earth, usually to find and remove subsurface formation fluids

formation

an identifiable single geologic horizon

G&A

general and administrative expenses

gas lift

the process of lifting fluid from a well by injecting gas down the well through tubing

gross acres or gross wells

the total acres or wells, as the case may be, in which a working interest is owned

injection well

a well through which spent fluids are injected into an underground stratum

iodine

a chemical element that has the symbol I

kilogram (kg)

one thousand grams

mmbtu

one million BTU

Mcf

one thousand cubic feet of natural gas

MMcf

one million cubic feet of natural gas

MT

metric tonne or tonne de metrice, is a measurement of mass equal to 1,000 kilograms

NaI

sodium iodide

OGIP

Original Gas In Place

permeabiliy

a measure of the ease with which a fluid flows through the connecting por production

pH

a measure of the acidity or alkalinity of a solution

pilot well

a well drilled to find and produce oil or gas in an unproved area, or to extend a known reservoir

Ppm

parts per million

Pump

a device that increases the pressure on a fluid or raises it to a higher level

royalty interest

an interest in an oil and gas property entitling the owner to a share of oil or gas production free of costs of production

scf

standard cubic foot

Tcf

one trillion cubic feet

WETâ„¢

registered service mark of Iofina for in field Wellhead Extraction Technologyâ„¢ method
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