A Salute To Oilfield Workers Everything humans use that isn’t consumable, comes from mining or drilling. Everything we use is a commodity. To get coal we mine it. To get gold they mine it. To get water they drill for it. To get oil they drill for it. Oil is a worldwide commodity that is crucial to everyday life. Millions…
Tag: 30 Little Known Oil & Gas Industry Definitions and Phrases
30 Little Known Oil & Gas Industry Definitions and Phrases
30 Little Known Oil & Gas Industry Definitions and Phrases: 1. Developmental wells can be referred to as infield wells 2. Step outs: wells in close proximity to proven producers 3. Dry holes: dusties or dusters 4. Book value: the value of a well, field, rig/equipment 5. Bunk house: portable housing on a well site for the crew to live…