Oil & Gas Mini-Outline Basic Info I. Reservoir must have these characteristics: a. Porosity: higher the better; void space between grains of sand b. Permeability: holes must be interconnected II. Oil and gas is fugacious c. Constantly on move d. Once trapped in reservoir, fairly stable till drilled Property Rights III. Ownership e. Possession is key. f. CL : Heaven to hell IV. Absolute Ownership (TX / Maj) g. Basically HTH;…
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