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If it's not one darn thing, it's another!
A safe haven and discussion thread for inv3stors who want to gripe and openly discuss or question
about what is affecting their st0ck by either internal or external forces.
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Q & A Q:
In the oil drilling industry there is a term called "spudding."
What is it and how does it work?
To spud comes from the Middle English word, "spudde" meaning a short knife.
In oil drilling "spudding" means the very start of drilling on a new well.
spud v: 1. to begin drilling a well; such as, to spud in.
2. to force a wireline tool or tubing down the hole by using a reciprocating motion.
spud in v: to begin drilling; to start the hole.
spud mud n: the fluid used when drilling starts at the surface, often a thick
Spud Contractor Name:
The name of the contractor spudding the well.
The day when the drilling bit penetrates the surface utilizing a drilling rig capable
of drilling the well to the authorized total depth.
The actual time (hours and minutes) when the drilling bit penetrates the surface
utilizing a drilling rig capable of drilling the well to the authorized depth.
The very beginning of drilling operations of a new well.
MMBbls: Million Barrels
Bpd: Barrel per day
Mbpd: Thousand barrels per day
Bopd: Barrels of oil per day
Mbopd: Thousand barrels of oil per day
Bcf: Billion cubic feet
Bcfe: Billion cubic feet equivalent
Bcfpd: Billion cubic feet per day
BOE: Barrel oil equivalent
Boepd: Barrels of oil equivalent per day
MMBTU: Million British thermal units
MMBTUpd: Million British thermal units per day
BTU: British thermal units
BTUpcf: British thermal units per cubic foot
MMBoe: Million Barrels of oil equivalent
LPG: Liquified Petroleum Gas
Mcf: Thousand cubic feet
MMcfepd: Million cubic feet equivalent per day
MMcfpd: Million cubic feet per day
Tcf: Trillion cubic feet
Tcfe: Trillion cubic feet equivalent
MMGal: Million Gallons
Kwh: Kilowatt hour
One barrel of oil: equivalent to 6 Mcf of natural gas
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