Lexicon of Terms

Learn how to talk like an Oilman
417 Oil & Gas and related investment terms defined.
 
3-D siesmic — A relatively new exploration technique used in the search for oil and gas underground structures. The basic premise behind seismic is the same as ultra sound technology used in the medical field. Sound from a shot hole is recorded from geophones and interpreted to give a picture of the underlying structures within the earth. 3-D has now become a common practice to redefine and identify known as well as unknown structures. Many times these structures contain traps that hold oil and gas yet to be discovered.

4-D Seismic — The newest advances in seismic technology which now takes into consideration a 4th dimension; which is time. With 4-D seismic geologists are now able to monitor the movement and the mobility of oil as it is extracted in the production process.

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