|
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 |
RELATED
LINKS
http://www.applyoilandgasjob.com
http://www.applyoilandgasemployment.com
http://www.petroleumworkers.org
http://www.trabajadorpetrolero.org
http://www.trabalhadorpetroleiro.org