The world is constantly searching for new and sustainable sources of energy to meet the growing demands of a rapidly expanding population. In recent years, unconventional oil has emerged as a viable alternative to traditional crude oil....
Read MoreVolumetric production payments (VPPs) are a unique financing tool used in the oil and gas industry to fund the development of natural resources. They are becoming increasingly popular as a way to provide capital to companies in the industry while...
Read MoreWholesale energy procurement refers to the process of buying large amounts of energy from suppliers to resell to customers. It is a crucial aspect of the energy industry, as it allows businesses and organizations to secure a reliable and...
Read MoreHydrocarbons are a group of compounds made up of hydrogen and carbon atoms. They are found naturally on the earth and are a crucial component in many industries, including energy, chemicals, and plastics. Definition Hydrocarbons are a class of...
Read MoreThe process of extracting oil and gas from the earth is a complex and challenging endeavor. One of the key steps in this process is the drilling of development wells. These wells are drilled to extract oil and gas from a known hydrocarbon reservoir...
Read MoreThe production clause, also known as the "held-by-production clause," is a common feature in contracts, particularly in the oil and gas industry. It is a provision that requires one party to produce a certain amount of a commodity, such as oil or...
Read MoreOil reserves refer to the amount of crude oil that can be economically extracted from a particular area. These reserves are a crucial aspect of the oil and gas industry, as they determine the potential for future production and the value of oil...
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