Category: Oil and Gas business

Allows holders of crude futures to swap the contract for physical crude

Organized around two core businesses—pipelines and exploration and production. El Paso owns North America’s largest interstate natural gas pipeline system—approximately 42,000 miles—transporting more than a quarter of the natural gas consumed in the country each day, whilst the corporation’s E&P operation ranks in the top 10 domestic independent producers, operating in high-quality basins across the United States and in Brazil and Egypt.

The maximum stress that can be applied to a body without resulting in permanent deformation. A rock, for instance, reverts to its original shape after the stress is removed. In the case of a fault or a fold the elastic limit is exceeded and the deformation becomes a permanent structure of the rock.

Energtek is a commercial distributor of natural gas to emerging markets using proprietary Adsorbed Natural Gas (ANG) technology. In March 2009, the company received a license from the Israeli Ministry of National Infrastructures for the exploration, production and sale of natural gas in the northern Negev. The license enables Energtek Products to produce natural gas on an exploration block of 19,000 acres. An existing well on the site already enables the production of small quantities of natural gas. The license also enables Energtek to explore for additional gas quantities. > >

A density, sonic, or resistivity log run over the entire wellbore. Records weak electrical currents that flow in the rock next to the wellbore and shows the thickness and boundaries of the rock layers.  These logs help determine the amount of salt water present and the permeability.

Logs are a record of certain electrical characteristics (such as resistivity and conductivity) of formations traversed by the borehole. It is made to identify the formations, determine the nature and amount of fluids they contain, and estimate their depth. If the pores are partially filled with gas or oil, which are resistant to the passage of electrical current, the bulk formation resistance is higher than for water filled pores. For the sake of a convenient comparison from measurement to measurement, the electrical logging tools measure the resistance of a cubic meter of formation. This measurement is called resistivity.

Induction log
An electric well log in which the conductivity of the formation rather than the resistivity is measured. Because oil-bearing formations are less conductive of electricity than water-bearing formations, an induction survey, when compared with resistivity readings, can aid in determination of oil and water zones.

An artificial-lift system that can be specifically configured to suit the production and wellbore characteristics