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Oil and Gas Glossary

Minimum Investment

A minimum investment is the smallest amount of capital required to participate in an investment opportunity. In the oil and gas industry, this can apply to...

Oil and Gas Glossary

Mineral Rights

Mineral rights are the legal ownership of underground resources, such as oil, gas, and minerals, separate from surface property rights. In the oil and gas...

Oil and Gas Glossary

Migration

Migration in the oil and gas industry refers to the movement of hydrocarbons from their source rock to reservoir rock due to pressure, buoyancy, and...

Oil and Gas Glossary

Midstream

Midstream refers to the segment of the oil and gas industry responsible for the transportation, storage, and processing of hydrocarbons. It includes activities...

Oil and Gas Glossary

Liquidity

Liquidity refers to how easily an asset can be converted into cash without significantly affecting its market value. In the oil and gas industry, assets like...

Oil and Gas Glossary

Limited Partner (LP)

A Limited Partner (LP) in the oil and gas industry is an investor in a partnership who provides capital but has no role in daily operations. LPs enjoy limited...

Oil and Gas Glossary

Lease Costs

Lease costs are expenses incurred to acquire and maintain rights to explore and produce oil and gas on a property. These include lease bonuses, rental...

Oil and Gas Glossary

Lease

A lease in the oil and gas industry is a legal agreement granting a company the rights to explore, drill, and produce hydrocarbons from a landowner’s...

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