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Field allocation or platform allocation denotes allocation cases where contribution sources are more than one production field or more than one offshore platform, making a commingled flow into a pipeline. [13] Well allocation is a term used in the case where the contribution sources are production petroleum wells, or any type of injection well.
The oil and gas industry uses many acronyms and abbreviations. This list is meant for indicative purposes only and should not be relied upon for anything but general information. This list is meant for indicative purposes only and should not be relied upon for anything but general information.
Allocation (oil and gas) in hydrocarbon accounting to assign the proper portions of aggregated petroleum and gas flows back to contributing sources; Allocation voting in voting; Location-allocation, used in geographic information systems (GIS) The allocation of scarce resources in operations research
Intelligent well: An oil or gas well equipped with monitoring equipment and completion components that allow for automatic or remote optimization of production. Joint: A length of pipe. Kelly: A square or hexagon pipe ( Approximately 40 ft. long ) used to turn the drill string while drilling.
The United States is divided into five Petroleum Administration for Defense Districts, or PADDs.These were created during World War II under the Petroleum Administration for War to help organize the allocation of fuels derived from petroleum products, including gasoline and diesel (or "distillate") fuel.
Image source: The Motley Fool. Diamondback Energy (NASDAQ: FANG) Q3 2024 Earnings Call Nov 05, 2024, 9:00 a.m. ET. Contents: Prepared Remarks. Questions and Answers. Call Participants
On Tuesday, Goldman Sachs reportedly stated AI could lower oil prices over the next decade by reducing costs and increasing recoverable resources, boosting supply. The bank says that AI’s impact ...
Outcomes of a well test, for instance flow rate data and gas oil ratio data, may support the well allocation process for an ongoing production phase, while other data about the reservoir capabilities will support reservoir management. Example Well Testing Package. Shown: Choke Manifold, Well Testing Separator, flare stack, surge tank and Wellhead.