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1、GlossaryBbl–Onebarrelofcrudeoil,condensateorotherliquidhydrocarbonsequalto42UnitedStatesgallons.Bcf–Onebillioncubicfeetofnaturalgas.BOE–Barrelofoilequivalent,determinedusingtheratioofsixMcfofnaturalgastooneBblofcrudeoil,condensateornaturalgasliquids.Commercial
2、WellorProducingWell–Anoilandnaturalgaswellthatproducesoilandgasinsufficientquantitiessuchthatproceedsfromthesaleofsuchproductionexceedrelatedcostsdirectlyassociatedwithsuchproductionandtaxes.Completion–Theinstallationofpermanentequipmentfortheproductionofoilan
3、dgas,orinthecaseofadryhole,thereportingofabandonmenttotheappropriateagency.DevelopmentWell–Awelldrilledwithinthepresentlyprovenproductiveareaofanoilandnaturalgasreservoirasindicatedbyreasonableinterpretationofavailabledata,withtheobjectiveofcompletinginthatres
4、ervoir.Awelldrilledwithintheprovenareaofanoilandnaturalgasreservoirtothedepthofastratigraphichorizonknowntobeproductive.Developmentwellsaredrilledtoefficientlydrainthereservoirandhavelimitedriskoncethereservoirisdelineated.Exploitation–Thedevelopmentofapetrole
5、umreservoir.See"DevelopmentWell".ExploratoryWell–Awelldrilledtofindandproduceoilornaturalgasreservesnotclassifiedasproved,tofindanewreservoirinafieldpreviouslyfoundtobeproductiveofoilornaturalgasinanotherreservoir,ortoextendaknownreservoirbeyondthelimitsclassi
6、fiedasprovedreserves.Farm-in–Anarrangementwherebyoneoiloperatorbuysinoracquiresaninterestinaleaseorconcessionownedbyanotheroperatoronwhichoilornaturalgashasbeendiscoveredorisbeingproduced.Oftenfarm-insarenegotiatedtoassisttheoriginalownerwithdevelopmentcostsan
7、dtosecureforthebuyerasourceofcrudeoilornaturalgas.Field–Anareaconsistingofasinglereservoirormultiplereservoirsallgroupedonorrelatedtothesameindividualgeologicalstructuralfeatureand/orstratigraphiccondition.FindingCost–AnamountperMcfeorBOEequaltothesumofallcost
8、sincurredrelatingtooilandgaspropertyacquisition,explorationanddevelopmentactivitiesdividedbythesumofalladditionsandrevisionstoestimatedprovedreserves,includingreservepurchases.Form