Oilfield

Oilfield

Oilfield refers to a region with an abundance of oil wells extracting petroleum from below the ground.

Contributors in Oilfield

Oilfield

Ownership of the right to exploit, mine or produce all minerals lying beneath the surface of a property. In this case, minerals include all hydrocarbons. Mineral interests include: 1. The right to ...

Overriding royalty interest

Oil & gas; Oilfield

Ownership in a percentage of production or production revenues, free of the cost of production, created by the lessee, company and/or working interest owner and paid by the lessee, company and/or ...

Nonparticipating royalty interest

Oil & gas; Oilfield

Ownership in a share of production, paid to an owner who does not share in the right to explore or develop a lease, or receive bonus or rental payments. It is free of the cost of production, and is ...

Operating interest

Oil & gas; Oilfield

Ownership by a lessee, company or working interest owner, which is burdened with the costs of leasing the acreage and drilling and operating a well.

Immature

Oil & gas; Oilfield

Pertaining to a hydrocarbon source rock that has not fully entered optimal conditions for generation.

Overmature

Oil & gas; Oilfield

Pertaining to a hydrocarbon source rock that has generated as much hydrocarbon as possible and is becoming thermally altered.

Paludal

Oil & gas; Oilfield

Pertaining to a depositional environment or organisms from a marsh. It also refers to the type of environment in which palustrine sediments can accumulate.