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Drilling Formula Sheets is a set of Drilling Formulas used commonly by drilling engineers in the onshore and offshore oil drilling industry. They are used as part of a key piece of engineering work called Well Control .
In accounting, amortization is a method of obtaining the expenses incurred by an intangible asset arising from a decline in value as a result of use or the passage of time. Amortization is the acquisition cost minus the residual value of an asset, calculated in a systematic manner over an asset's useful economic life.
DD – directional driller or directional drilling; DDC – daily drilling cost; DDC – de-watering and drying contract; DDBHC – DDBHC waveform log [clarification needed] DDET – depth determination log; DDM – derrick drilling machine (a.k.a. top drive) DDNL – dual det. neutron life log; DDPT – drill data plot log; DDPU – double ...
Halliburton (NYS: HAL) carries $2.0 billion of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road. Could ...
Each year, high-income taxpayers must calculate and then pay the greater of an alternative minimum tax (AMT) or regular tax. [9] The alternative minimum taxable income (AMTI) is calculated by taking the taxpayer's regular income and adding on disallowed credits and deductions such as the bargain element from incentive stock options, state and local tax deduction, foreign tax credits, and ...
I've followed oil and gas producers for a long time, which has yielded three timeless, deceptively simple lessons. One: Asset intensive, cyclical businesses with huge operating leverage and fat ...
In case of a production sharing agreement, PSA, the licensee will take all development costs and have this capital recovered by "cost oil". "Profit oil" will be shared by licensee and the state. [12] The licensee may be one oil company, or often a group of companies sharing the risks, costs and profit in a partnership, consortium or joint venture.
Lower-than-average home prices and rent costs in Buffalo bolstered demand and helped to push it to the top spot. Meanwhile, Zillow attributes Indianapolis’s second-place spot to its strong home ...