05.07.2009
When this term is applied to an oil or gas company it indicates a firm that operates in both the upstream and downstream sectors (from exploration through refining and marketing)
Expenditures, deductible for income tax purposes, incurred by an operator for labor, fuel, repairs, hauling, and supplies used in drilling and completing a well for production.
One of the tax benefits of oil and gas investments is the ability to deduct intangible drilling costs, or IDCs. IDCs are expenses connected with drilling and preparing wells for production. Included are such items as wages, fuel, repairs, hauling charges and supplies. Initially, as much as three-fourths of an investment can go to pay for these intangibles, allowing a large deduction early into the investment
A non-bank person or organization, such as a pension fund or life insurance company, that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. Institutional investors face fewer protective regulations because it is assumed that they are more knowledgeable and better able to protect themselves
The installed capacity of a power plant is either its nameplate capacity or its actual capacity. The total electricity installed capacity of a country is all the electricity capacity in place when all the plants are available for operation. The installed capacity of an electricity utility is required to meet all the electricity demands of the country. De facto, there is a gap between the installed capacity and the available capacity, since stations needs to be shut down at times for both planned maintenance work and non anticipated problems.