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The quantity of undiscovered oil beneath Federal lands (excluding State and Native areas) is estimated to range between 5.9 and 13.2 BBO, with a mean value of 9.3 BBO. Most oil accumulations are expected to be of moderate size, on the order of 30 to 250 million barrels (40,000,000 m 3) each.
With these zones safely isolated and the formation protected by the casing, the well can be drilled deeper (into potentially higher-pressure or more-unstable formations) with a smaller bit, and then cased with a smaller size pipe. Modern wells generally have two to as many as five sets of subsequently smaller hole sizes, each cemented with casing.
West Texas Intermediate (WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refers to the WTI Crude Oil futures contract traded on the New York Mercantile Exchange (NYMEX).
Position resection and intersection are methods for determining an unknown geographic position (position finding) by measuring angles with respect to known positions.In resection, the one point with unknown coordinates is occupied and sightings are taken to the known points; in intersection, the two points with known coordinates are occupied and sightings are taken to the unknown point.
Apart from being a trend strength gauge, ATR serves as an element of position sizing in financial trading. Current ATR value (or a multiple of it) can be used as the size of the potential adverse movement (stop-loss distance) when calculating the trade volume based on trader's risk tolerance. In this case, ATR provides a self-adjusting risk ...
Mark Zuckerberg's Meta urged California to halt OpenAI's transition to a for-profit company. In doing so, Zuckerberg sided with his occasional nemesis, Elon Musk, who also wants to stop OpenAI.
(The Center Square) – The United Auto Workers withdrew a petition to the National Labor Relations Board to unionize Vanderbilt University's graduate students. The union decision comes after a ...
The Earth-centered, Earth-fixed coordinate system (acronym ECEF), also known as the geocentric coordinate system, is a cartesian spatial reference system that represents locations in the vicinity of the Earth (including its surface, interior, atmosphere, and surrounding outer space) as X, Y, and Z measurements from its center of mass.