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Oil & gas

Terms concerning oil and gas as a fossil fuel and natural resource.

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arithmetic mean

Oil & gas; Oilfield

A mathematical method of finding a central value for a group of data. It is most often referred to as the average but also as the mean. The arithmetic mean is the sum of all the ...

midrange

Oil & gas; Oilfield

A mathematical method of finding a central value for a group of data. The midrange is defined as the sum of the lowest value in the data set and the highest value if the data set ...

spline

Oil & gas; Oilfield

A mathematical procedure for connecting data points with a smooth line. The line does not necessarily go through the data points, but its direction and curvature are affected by ...

greedy algorithm

Oil & gas; Oilfield

A mathematical procedure used to improve computer usage in simulated annealing runs. The procedure uses a fast swapping technique to match model semivariograms to actual ...

superposition in space

Oil & gas; Oilfield

A mathematical computation that accounts for production from multiple wells. Image wells are used to model the effect of impermeable barriers.

dielectric

Oil & gas; Oilfield

A material used in a capacitor to store a charge from an applied electrical field. A pure dielectric does not conduct electricity.

squeeze manifold

Oil & gas; Oilfield

A manifold connected within the surface treating lines that is configured to enable control and routing of fluids during a squeeze operation. Most squeeze manifolds have treating ...