Horizontal severance

A settlement received after being released from a corporation. In the context of corporate governance, an agreement that assures high-level executives of their postions or some ...

severance

Law; Legal services; General law

Separation. For example, severing (separating) joint rights in property into individual rights to pieces of it, harvesting crops or taking minerals from land, ending a person’s ...

severance

Language; Dictionaries

The act of severing, or the state of being severed; partition; separation.

severance

Mining; General mining

The separation of a mineral interest from other interests in the land by grant or reservation. A mineral dead or grant of the land reserving a mineral interest, by the landowner ...

rental payment

Oil & gas; Oilfield

An annual payment made by an oil company to a State in order to retain rights in a particular concession.

sampling

Oil & gas; Oilfield

The process of obtaining a small quantity of material which is as representative as possible of the total volume.

possible reserves

Oil & gas; Oilfield

Undeveloped oil and/or gas reserves which best engineering judgement indicates might eventually be recoverable from undrilled or untested structures.

pinch-out trap

Oil & gas; Oilfield

A trap where a bed or reservoir rock gets progressively thinner as it nears an impervious area and eventually disappears.

geosyncline

Oil & gas; Oilfield

A large sedimentary basin in which extremely deep layers of sediments have accumulated over a long period of time.

gravimetric survey

Oil & gas; Oilfield

A geological survey method in which measurements of the variations in the surface gravitational field are used to determine the nature of the underlying rocks.