Resources and Reserves Definitions – The Relevant Terminology Used for Analysing Oil and Gas Companies

Resources and Reserves Definitions - The Relevant Terminology Used for Analysing Oil and Gas Companies

In order to distinguish the different resources and reserves definitions I have created this page as a reference for understanding the relevant terminology used for analysing oil and gas companies. The Society of Petroleum Engineers (SPE), the American Association of Petroleum Geologists (AAPG), the World Petroleum Council (WPC) and the Society of Petroleum Evaluation Engineers … Read more

Fracking Definition – The Hydraulic Fracturing Process Explained

Fracking Definition - The Hydraulic Fracturing Process Explained

Fracking, or the hydraulic fracturing process, is the process of injecting liquid at high pressure into the Earth’s crust in order to extract oil or gas by forcing the rock to open. Hydraulic fracturing is the most common action being taken to mitigate the oil and gas flow rates decline rate. The hydraulic fracturing process … Read more