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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

strapping tape

Oil & gas; Oilfield

A graduated tape use to measure, or strap, producing tanks. The measurements are used to generate a tank table, which describes tank capacity.

concession

Oil & gas; Oilfield

A grant extended by a government to permit a company to explore for and produce oil, gas or mineral resources within a strictly defined geographic area, typically beneath ...

correlogram

Oil & gas; Oilfield

A graphical representation of the degree of agreement between segments of curves being correlated between different wells. The degree of lag (required shift), the amplitude of the ...

periodogram

Oil & gas; Oilfield

A graphical representation of harmonic information in a data set. Often taken from Fourier analysis of the data, this representation is used to determine periodicities in ...

departure curve

Oil & gas; Oilfield

A graph that shows the effects of environmental factors on the ideal response of a measurement. The name comes from the departure of the actual response from the ideal. The term ...

scattergram

Oil & gas; Oilfield

A graph in which data points are plotted but not connected. The x and y axes of the scattergram represent the two variables being plotted. Sometimes, the data points are coded by ...

conditional simulation

Oil & gas; Oilfield

A geostatistical tool that yields a quantitative measure of the error in a map. It is performed when multiple maps have been created using kriging or cokriging and where each map ...