AECO"C"/NIT    

Alberta Energy Company interconnect with the Nova System 

Acquisitions    

The purchase of oil and/or natural gas properties for the purpose of generating revenues from their production. 

ARTC    

Alberta Royalty Tax Credit 

bbl(s)  

 Barrel(s) 

bbl(s)/day   

Barrel(s) per day 

Bcf   

Billion cubic feet 

BOE(s)  

Barrel(s) of oil equivalent (6 Mcf gas = 1 bbl crude oil) 

BOE/day   

Barrel of oil equivalent per day  

Capital Expenditures  

Investment of financial resources to develop proven reserves. 

CAPP  

Canadian Association of Petroleum Producers

COGPE 

Canadian oil and gas property expense

Differential   

The difference between posted prices for light oil versus a heavier grade of oil. 

Established Reserves   

The sum of Proven Reserves plus 50% of Probable Reserves. 

FD&A Costs  

Finding, development and acquisition costs

FVUP  

Full value unit plan

IP Rate  

Initial production rate

Natural Gas Liquids (NGLs)   

Liquids obtained from natural gas production and processing, including ethane, propane, butane and condensate. 

Net Asset Value   

The value of the Trust's assets including oil, natural gas, and potash reserves, undeveloped land and financial assets less its liabilities. 

NGC  

Natural gas from coal

NI 51-101 

National Instrument 51-101 (pertaining to reserve reporting)

Mbbls   

Thousand barrels 

MBOE   

Thousand barrels of oil equivalent 

Mcf   

Thousand cubic feet 

Mcf/day   

Thousand cubic feet per day 

MMbbl(s)   

Million barrel(s) 

MMBOE   

Million barrels of oil equivalent 

MMbtu   

Million British Thermal units 

MMcf   

Million cubic feet 

MMcf/day   

Million cubic feet per day 

NGL   

Natural gas liquids 

NYMEX   

New York Mercantile Exchange 

NYSE   

New York Stock Exchange

Operating Costs   

Expenses incurred to recover oil or natural gas from a well exclusive of capital expenditures.

Operator   

The company or individual responsible for managing and conducting an exploration, development or production operation. 

Probable Reserves   

Oil and natural gas reserves believed to exist with reasonable certainty on the basis of technical information. 

Production   

The volume measure of oil and natural gas produced from a well. 

Proven Reserves   

Oil and natural gas in known reserves that can be recovered with a great degree of certainty under existing technological and economic conditions. 

P&P Reserves  

Proven and risked probable reserves

PDP Reserves   

Proved developed producing reserves

Reserve Life Index (RLI)   

A measure of the estimated life of Established Reserves by dividing year-end remaining reserves by the production during that year. 

SAGD  

Steam assisted gravity drainage

Trailing Twelve Month (TTM)  

The sum of the last twelve distributions paid to unitholders.

 

 

Trailing Twelve Month Yield  

The sum of the last twelve distributions paid to unitholders divided by the current unit price

Trust Unit   

Units of the Trust, each unit representing an equal undivided beneficial interest therein. 

TSX   

Toronto Stock Exchange 

Unitholder   

Holders of the Trust Units of the Trust. 

Working Interest (W.I.)     

The percentage ownership of a party in a lease which carries with it the rights and obligations to develop and operate an oil and natural gas property.

WTI   

West Texas Intermediate at Cushing, Oklahoma 

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RELATED LINKS

 

http://www.oilcv.com

 

http://www.applyoilandgasjob.com

 

http://www.applyoilandgasemployment.com

 

http://www.workoilandgas.com

 

http://www.bms-project.com

 

http://www.petroleumworkers.org

 

http://www.trabajadorpetrolero.org

 

http://www.trabalhadorpetroleiro.org