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How to Write the Oil Gas Operations Report Form under Instructions on the Laptop?

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hi and welcome to aisle 101 the podcast.my name is Doug Stetzer and I'm content.and community manager for ekt.Interactive this first episode of our.microbes to market coverage will be.discussing the upstream segment of the.oil and gas industry this content was.taken from our fundamentals of upstream.ebook which is available in the free.members content library at WWE KT.interactive comm this upstream overview.includes segments on exploration and.production or EMP drilling and.unconventional techniques upstream.business characteristics important.players and participants in upstream and.finally some discussion on an important.and often misunderstood segment known as.oilfield services so what is upstream.most oil and gas companies are organized.according to business segments assets or.function the upstream segment of oil and.gas is also known as exploration and.production or EMP because it encompasses.activities related to searching for.recovering and producing crude oil and.natural gas upstream is all about wells.where to locate them how deep and how.far to drill them and how to design.construct operate and manage them to.deliver the greatest possible return on.investment with the lightest safest and.smallest operational footprint in fact.the EMP sector should probably be called.the EDP sector because you can't find.oil if you don't drill wells let's start.with exploration which involves the.operator obtaining a lease and.permission to drill from the owner of.onshore or offshore acreage thought to.contain oil or gas then the operator.must conduct geological and geophysical.surveys to select the first well site to.explore for and.hopefully find economic accumulations of.oil or gas this well is often called a.wildcat well drilling is physically.creating the bore hole in the ground.that will eventually become a productive.oil or gas well this work is typically.done by rig contractors and service.companies in the oilfield services.business sector on a well site there can.be as many as 30 to 40 different service.contractors providing expertise to the.operator wells can be relatively simple.or unbelievably complex wells can be.totally vertical for miles or both deep.and horizontal there are also highly.complex J and s configurations with.numerous branches or laterals emanating.from the original or mother hole these.are called deviated wells.now let's discuss production where.reserves are converted to cash by.maximizing the recovery of hydrocarbons.from subsurface reservoirs essentially.production is efficiently bringing the.hydrocarbons to the surface and treating.them as needed to make them marketable.so that's the basics of EMP we will.drill deeper into each of these.operations in the complete oil one.course at a later date now let's talk.about unconventional resources clearly.the hottest topic in oil and gas over.the last decade unconventional resources.are defined as any resource extracted or.produced by any method other than the.traditional vertical or slightly.deviated well three main sources of.technological breakthroughs that have.made unconventional developments.profitable include horizontal drilling.hydraulic fracturing and subsea.engineering especially deep water.production horizontal drilling is not.new but the technology has matured.quickly horizontal wells reduce the size.of the drill pad footprint and enable.production along the length of a.reservoir today some horizontal sections.can exceed seven miles hydraulic.fracturing or fracking is the process of.injecting water.chemicals and sand into wells under very.high pressures the resulting fractures.in surrounding rock formations allow for.microscopic hydrocarbons to be recovered.but even with all the talk and public.awareness of shale and fracking some of.the largest oil and gas discoveries.continued to be found in the deep water.of the coast of Africa South America and.the Gulf of Mexico recently a very large.discovery was made in the Mediterranean.off of the coast of Egypt deep water.subsea engineering innovations have made.production economic from water depths.exceeding 10,000 feet.this podcast episode is brought to you.by e Katie Interactive's oil 101 a free.introduction to oil and gas within this.free members only content area you'll.find ebooks on oil and gas industry.fundamentals relevant articles on key.oil and gas topics and a growing body of.digital learning content claim your free.membership and join the oil 101 learning.community at WWE Katie Interactive calm.today it is important to note that there.are four key business characteristics of.upstream it is a high-risk high-return.segment it is highly regulated is.impacted by global politics and it is.very technology intensive the upstream.industry is arguably the most complex of.all oil and gas business sectors there.are many risks and unknowns in the.exploration process often hundreds of.millions of dollars and many years are.spent before an oil and gas field.becomes productive especially offshore.the upstream segment is regulated in.terms of production access to reserves.pricing and Taxation and more and more.stringent environmental regulations.upstream is a global business politics.between producing nations and major oil.companies can be very complicated.and finally as we've seen in the last.decade with developments of.unconventional prospects upstream is.extremely technology and thus capital.intensive so who are the main players in.upstream the four main categories of.participants in the upstream sector are.the majors the NoCs.independence and oilfield services.companies major oil companies also.called integrated oil companies also.operate assets in other segments of the.industry these companies include the.prominent global brands that you are.familiar with including Exxon Mobil BP.Chevron and Shell national oil companies.are those industry participants.owned and managed by governments around.the world these includes Saudi Aramco.and Saudi Arabia.Pemex and Mexico and many others and.we'll include a link a list of all the.NoCs.and the program notes to this podcast.independence exists in each segment of.the oil and gas industry what makes them.independent is that they are not.integrated into other segments.independence in the upstream are those a.and P companies that concentrate solely.on finding and producing oil and gas.examples include Apache and Anadarko but.there are many others oilfield services.companies are important and often.misunderstood part of the upstream.operations this sector includes those.companies that provide the specialized.equipment services and technical skills.needed for exploring drilling completing.testing producing and maintaining crude.oil and natural gas wells oilfield.services and supply companies do not.typically produce oil and gas or own the.assets that contain hydrocarbon reserves.and as we mentioned earlier at a typical.well site there could be 30 or more.different oilfield service companies.handling the mechanical technical and.analytic operations needed to drill and.complete the well.so thanks for listening and we hope.you've learned a few things about the.upstream segment of the oil and gas.industry be sure to share that this as.you see fit and review us on iTunes if.you have a chance your feedback really.helps us improve as we move forward if.you want more information about our oil.101 microbes to mark its content go to.WWE ket interactive comm and register to.access our free content library thanks.again and we'll see you next time.

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Oil Gas Operations Report Form FAQs

Here are some frequently asked questions along with their answers to clear up the doubts that you might have.

Need help? Contact support

Does a girlfriend have to fill out a leave request form for a US Army Soldier in Special Operations in Africa?

Let’s apply little common sense. Do you expect that someone without a girlfriend to work without any leave? Does that make sense for an American? Who fills out your vacation forms? A boyfriend in far off place? Answer is No. I would not expect it for an American. so, answer to original question is No. A girlfriend does NOT.. in fact, CANNOT, apply leave for a Soldier - Special Operations or not.

What are some weird reasons police have had to call for backup?

Running out of gas in a patrol car. Previous to my police career, I was an ambulance EMT. There was a credo that you never left “the rig” in a less-than-ready condition, no matter how nasty the previous call or shift had been. The job was not done until the rig was fueled, re-stocked, and made ready in all respects to run another call. When I started a shift, I always did an inspection of the ambulance I was going to operate, and it was a rare situation to find something out of stock or empty. This sort of thing just wasn’t done. The police department where I worked did not subscribe to such an Continue Reading

What tax forms do I need to fill out for reporting bitcoin gains and loses?

IRS 1040 and 1099 forms. “For instance, there is no long-term capital gains tax to pay if you are in the lower two tax brackets (less than $36,900 single income or less than $73,800 married income). The capital gains rate is only 15% for other tax brackets (less than $405,100 single income) with 20% for the final bracket.” Reference: Filing Bitcoin Taxes Capital Gains Losses 1040 Schedule D Other References: IRS Virtual Currency Guidance : Virtual Currency Is Treated as Property for U.S. Federal Tax Purposes; General Rules for Property Transactions Apply How do I report taxes? Filing Bitcoin Taxes C Continue Reading

Do military members have to pay any fee for leave or fiancee forms?

First off there are no fees for leaves or requests for leave in any branch of the United States military. Second there is no such thing as a fiancée form in the U.S. military. There is however a form for applying for a fiancée visa (K-1 Visa)that is available from the Immigration and Customs Service (Fiancé(e) Visas ) which would be processed by the U.S. State Department at a U.S. Consulate or Embassy overseas. However these fiancée visas are for foreigners wishing to enter the United States for the purpose of marriage and are valid for 90 days. They have nothing to do with the military and are Continue Reading

Am I supposed to report income which is earned outside of the US? I have to fill the 1040NR form.

If you are a US citizen, resident(?), or company based within the US or its territories, you are required by the IRS to give them a part of whatever you made. I'm not going to go into specifics, but as they say, "the only difference between a tax man and a taxidermist is that the taxidermist leaves the skin" -Mark Twain

How does plant biomass get buried and form crude oil?

An alternative model suggests that oil and coal are endothermic chemical reactions (ECRs) that occur in comet impact events where methane ice acts as a chemical shock absorber, converting to long-chain hydrocarbons. And the ECRs clamp the impact shock-wave pressure below the melting point of rock, obscuring the comet impact crater. Coal is created in impact events accompanied by continental-scale pyroclastic flows that strip out forests to create a primary cyclothem in which the hydrocarbons float to the surface to be later metamorphosed into coal. Subsequent cyclothems are merely a reworking Continue Reading

How do I fill out a 1120 tax report?

Are you aware of the many first year elections that you will be making that will effect the future taxation of your business? Carl Heintz has great advice. SEEK YEA A CPA. The form may look innocent enough but this is NOT a DIY project.

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