Part 4 Flashcards

(11 cards)

0
Q

Occurs when the reservoir formation deforms in someway for example fault trap anticlinal trap and dome plug trap

A

Structural trap

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1
Q

An arrangement of rock layer containing an accumulation of hydrocarbons where the formation prevents the hydrocarbons from rising to the surface

A

Traps

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2
Q

Occurs when porosity or permeability has change within a formation or where a nonporous layer seals off the top of a reservoir

A

Stratigraphic traps

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3
Q

Factors that affect porosity

A

Packing, The size of the grains
Shape, The shape of the grains
Deposition, arrangement of grains when they were laid down and compacted

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4
Q

Pressure gradient of freshwater A.k.a. abnormal pressure

A

0.433 psi/ft

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5
Q

Pressure gradient of saltwater a.k.a. normal pressure

A

0.465 psi/ft

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6
Q

A change of permeability within a rock layer causes this

A

Lenticular

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7
Q

Contract of sale for the oil or gas

A

Division order

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8
Q

An agreement that trades the drilling obligations for an interest in the property (to the granting party)

A

Farm out

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9
Q

An agreement that trades the drilling obligation for an interest in the property (to the receiving party)

A

Farm in

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10
Q

An expense free share of the production

A

Overriding royalty agreement

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