- Industry: Oil & gas
- Number of terms: 9502
- Number of blossaries: 0
- Company Profile:
George King is a technology provider in the oil and gas industry specializing in new technology and problem oil well solutions.
A method of computing depreciation under which equal annual amounts are set aside for the ultimate retirement of the property at the end of its service life. For a property with an assumed 25-year life, the annual charge would be 4% per year, usually applied to the cost of the property less estimated net salvage (From AGA).
Industry:Oil & gas
A method of controlling a kick in which the gas is circulated out of the well using the normal weight mud controlled with backpressure of a choke. The heavier mud needed to control the formation without the choke is then circulated into the well.
Industry:Oil & gas
A method of controlling kicks in which the weight of the kill weight mud is calculated by the difference between the difference of casing and tubing pressure and the volume of fluid increase; followed by injection of the kill weight mud to displace the lighter weight mud and the kick in a single circulation.
Industry:Oil & gas
A method of correcting permeability measurements to account for gas not adhering to the walls of rock pores as does water. Gas permeabilities are usually higher than liquid permeabilities by up to one order of magnitude, especially in dry cores.
Industry:Oil & gas
A method of depreciation whereby the asset is depreciated over an estimated life expressed in units of output rather than over an estimated life expressed as a period of time (From AGA).
Industry:Oil & gas
A method of equating the energy produced by a hydrocarbon gas to a standard oil measurement. One barrel of oil has about the same heat producing capacity as 6,000 ft3 of gas at standard conditions.
Industry:Oil & gas
A method of killing a well where the choke is adjusted to maintain a constant casing pressure as the a water kick rises in the annulus. The method should not be used with a gas kick (will not keep a constant BHP).
Industry:Oil & gas
A method of limiting the fluid entry into a higher permeability zone and causing the fluid to flow to a lower permeability zone.
Industry:Oil & gas
A method of producing a reservoir when water drive is not available. Also a condition that exists when the gas pressure is drawn down before the oil is recovered.
Industry:Oil & gas
A method of rock and fluid identification or evaluation that began in 1927. The first log was run by Conrad Schlumberger.
Industry:Oil & gas
