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Oil & gas

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

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Oil & gas > Oilfield

Bayesian probability

Oil & gas; Oilfield

A probability based on Bayes' theorem of interdependent events occurring interdependently.

Poisson distribution

Oil & gas; Oilfield

A probability distribution in which the mean and the variance are identical. This distribution was first described by S. D. Poisson, a French mathematician and physicist ...

gas drive

Oil & gas; Oilfield

A primary recovery mechanism for oil wells containing dissolved and free gas, whereby the energy of the expanding gas is used to drive the oil from the reservoir formation into ...

phase redistribution

Oil & gas; Oilfield

A pressure phenomenon caused in a wellbore by rise of gas and fall of liquids trapped in a wellbore after a surface shut-in. This phenomenon can cause a "hump" in the buildup ...

casing shoe test

Oil & gas; Oilfield

A pressure test applied to the formation directly below a casing shoe. The test is generally conducted soon after drilling resumes after an intermediate casing string has been ...

downhole gauge

Oil & gas; Oilfield

A pressure gauge, typically run on slickline, used to measure and record downhole pressure. Downhole gauges are commonly used in assessing the downhole pressure under various ...

production payment

Oil & gas; Oilfield

A portion of proceeds from production, specified by contract, and payable to the lessor or farmor, or host country until total payment has reached a predetermined limit specified ...