Category: Oil and Gas business

Someone who interprets the seismic data…typically a geophysicist; Someone who interprets the geology…typically a geologist

A computational process applied to seismic data that returns reflection events to their origin in the subsurface

Devon Energy Corporation is one of the world’s leading independent oil and gas exploration and production companies. Devon’s operations are focused primarily in the United States and Canada; however, the company also explores for and produces oil and natural gas in select international areas. Devon is also one of North America’s larger processors of natural gas liquids and over 90 percent of Devon’s production is from North America. The company’s production mix is about 65 percent natural gas and 35 percent oil and natural gas liquids, such as propane, butane and ethane. Devon produces over 2.5 billion cubic feet of natural gas each day, about 3 percent of all the gas consumed in North America. Headquartered in Oklahoma City, Devon has approximately 5,500 employees worldwide. Devon is a Fortune 500 company and is included in the S&P 500 Index. Its common shares trade on the New York Stock Exchange under the ticker symbol DVN

Energy produced from fossil fuels

Tamar was drilled down to 1,700 m and future drilling in the Med offshore Israel may have to cope with depths of 2,000 m.

Offshore wells in water depths greater than 1000 feet are considered deepwater. These wells are characterized by high drilling and intervention costs. Both dry tree and wet tree completion methods are common