Kurtosis

Kurtosis

A measure of a curve describing the statistical frequency distribution in the region about its mode; the relative "peakedness" of the distribution. This measure is used in the description of wireline curves and in schemes that attempt to correlate them from well to well.

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Part of Speech: noun
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Industry/Domain: Oil & gas
Category: Oilfield
Company: Schlumberger
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Related terms

kurtosis

Weather; Meteorology

(Symbol β2 or α4. ) A descriptive measure of a random variable in terms of the flatness of its probability distribution. It is defined as follows: where μ4 is the fourth ...

kurtosis

Oil & gas; Oilfield

A measure of a curve describing the statistical frequency distribution in the region about its mode; the relative "peakedness" of the distribution. This measure is used in the ...

kurtosis

Financial services; General Finance

Measures the fatness of the tails of a probability distribution. A fat-tailed distribution has higher-than-normal chances of a big positive or negative realization. Kurtosis ...

kurtosis

Software; Supply chain

A quality measure of the peakedness of a data distribution.

kurtosis

Mining; General mining; Mineral mining

In statistics, the technical name describing peakedness of a frequency distribution. It is statistically measured as the coefficient of quartile kurtosis.

excess kurtosis

Financial services; General Finance

Kurtosis measures the "fatness" of the tails of a distribution. Excess kurtosis means that distribution has fatter tails than a normal distribution. Fat tails means there is a ...

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.

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