Condensate is a light hydrocarbon liquid produced with natural gas. It forms when gas undergoes pressure or temperature changes, separating into liquid. In the...
Category - Oil and Gas Glossary
Completion is the process of preparing a drilled well for production. In the oil and gas industry, this includes installing equipment, perforating the casing...
Casing is a steel pipe installed in a drilled well to stabilize the borehole, prevent collapse, and protect the well from contaminants. In the oil and gas...
In the oil and gas industry, a “carry” refers to an arrangement where one party finances another party’s share of exploration or development...
Carried interest is a share of profits allocated to a general partner or manager in an investment, typically as compensation for managing the project. In oil...
A capital gain is the profit earned from selling an asset for more than its purchase price. In oil and gas investing, capital gains may arise from selling...
Capital Expenditure (CAPEX) refers to funds spent by a company to acquire, upgrade, or maintain physical assets such as equipment, property, or infrastructure...
Capital appreciation is the increase in the value of an asset over time. In oil and gas investing, this can occur when the value of reserves, production...
The bottom hole is the deepest point of an oil or gas well. It is the location where drilling operations aim to reach the targeted reservoir or formation, and...
A blowout is an uncontrolled release of oil, gas, or other fluids from a well due to pressure escaping containment. It occurs when safety mechanisms like...