Oil Field Terminology

Every industry has it’s own set of terminology and ours is no exception.  No matter how long you’ve been investing in oil and gas drilling projects or how knowledgeable you are about the oil and gas industry there’s always a new term popping up.   On our Lone Star Securities website we offer a link to a short glossary of terms.  This is a good place to start if your oil field terminology is limited to basic terms like wells, drilling platforms, mud, and rigs.  In about 20 minutes you can go through this entire glossary and get the basic idea about what the most common terms mean.  A much more comprehensive glossary of oil field terminology is found on the Schlumberger website.  There you will find:

·                       Comprehensive: definitions for major oilfield activities

·                       Accessible: definitions for both the technical generalist and the expert

·                       Accurate: definitions reviewed by technical experts

·                       Illustrated: full-color photographs and illustrations clarify many definitions

·                       Thorough: citations of significant technical papers for further reading

If you have a question about oil and gas terminology or investing in oil and gas drilling projects, I’d like to hear from you.  We’ll do our best to give you a straight forward answer.  Just email me or comment on this blog.

Comments

[Stan Ross]

What does "lease acreage" means? Does it mean an area/block that a company has already obtained a license [to develop/drill] to?

[Smit]

O, super project.F

[Nicole]

Very good site! I like it! Thanks!,

[Jennifer]

thank you!t

[israel mkpaoro]

What would guide your decisions before investing in an oilfied if you have the resources?

[manas petroleum]

Hi,

Oil Field Terminology are words, phrases, names of equipment and procedures that are related to and used in the Petroleum industry. Many words that are used in the oilfield are specific to the industry.
manas petroleum