Category: General

The UIOLI method are not easy to draft, since storage of course mixes the gas of a number of different players and the spot gas that is stored based on the UIOLI method is mixed also with gas that is ordered based on long term contracts.

The USGS, created by an act of Congress in 1879, part of the US Ministry of the Interior provides scientific information to describe and understand the Earth, minimize loss of life and property from natural disasters, manage water, biological, energy, and mineral resources and enhance and protect quality of life.

A term used when referring to sediment that has not been lithified into a rock.

Although the US represents only 5% of the world population it consumes 25% of the world’s total energy supply. About 40% of the US energy comes from oil, 23% from coal and about the same amount from natural gas.

A sand formation in which individual grains do not adhere to one another. If an unconsolidated sandstone produces oil or gas, it will produce sand as well if not controlled or corrected.

Organic matter undergoes changes in composition with increasing burial depth and temperature. The three steps in the transformation of organic matter to petroleum hydrocarbons are termed diagenesis, catagenesis, and metagenesis. Petroleum hydrocarbons exist as gaseous, liquid, and solid phases, depending on temperature, pressure, burial time, and composition of the system.