P&APlugging and abandoning a well. After a well's productive life, it is usually plugged and abandoned with cement and heavy mud. The wellhead is removed, and the casing cut off 3-6 feet underground, and a steel plate welded over the top.
PerforationsHoles through casing and cement into the productive formation.
PermeabilityAbility of rock to transmit fluids through pore spaces.
Pooled UnitUnit created by combining separate mineral interests under the pooling clause of lease or agreement.
PorosityPercentage of the rock volume that can be occupied by oil, gas or water.
Producing Mineral OwnerAn owner of minerals that are currently being produced and sold. Payments made to producing mineral owners are known as royalty payments.
Proration UnitAcreage allocated to a well for the purpose of determining an allowable.
PSI (pounds per square inch) An English system of measure of the amount of pressure on an area that is 1 inch square.
Processing PlantA plant to remove liquefiable hydrocarbon.
RoyaltyFunds received from the production of oil or gas, free of costs, except taxes.
Reserve PitPit used to collect spent drilling fluids, cutting and wash water during drilling operations.
ReservoirA porous, permeable sedimentary rock containing commercial quantities of oil and gas.
Residue GasGas remaining after processing and extraction of NGL.
Salt Water Disposal Well (SWD) A well used for the purpose of injecting produced water back into the ground.
Secondary RecoveryEnhanced recovery of oil or gas from a reservoir beyond the oil or gas that can be recovered by normal flowing and pumping operations. Secondary recovery techniques involve maintaining or enhancing reservoir pressure by injecting water, gas or other substances into the formation.
SeveranceThe separation of a mineral or royalty interest from other interests in that land given by grant or reservation
Severance TaxA tax due the state on oil or gas produced or “severed” from the earth.
Severed MineralsMinerals whose title has been severed from the surface title.
Sour GasAny natural gas containing more than 1-1/2 grains of hydrogen sulfide per 100 cubic feet or more than 30 grains of total sulfur per 100 cubic feet.
Spot MarketShort term, non-regulated, arms length contract sales of natural gas, crude oil, refined products, or liquid petroleum gas.
Substandard AcreageAmount of acreage that is less than the standard amount for a proration unit for a field.
Surface casingOuter casing cemented in the upper portion of the well bore to protect fresh water formations from contamination.
Surface estateRights and interests in the surface of land, created when the owner severs or separates his interests in the property.
Surface OwnerOwner of the rights and interests in a surface estate (where interests in a landed estate have been severed).
Sweet GasAll natural gas except sour gas (gas containing hydrogen sulfide).
Tank BatteryTanks for oil storage before delivery to a refinery.
3-D, Three Dimensional SeismicAdvanced method for collecting, processing, and interpreting seismic data in three dimensions. Three-dimensional seismic data are collected from closely spaced lines over an area and the data are processed as a volume. The advantages of three-dimensional seismic methodology include increased resolution as well as improved interpretational tools and data displays.
Transporter or transporting agencyIncludes any common carrier by pipeline, railway, truck, motor vehicle, boat, or barge, and/or any person transporting oil or a product by pipeline, railway, truck, motor vehicle, boat, or barge.
TubingString of pipe set inside the well casing, through which oil or gas is produced.