An oil and/or gas field judged to be capable of producing enough net income to make it worth developing.

Million Barrels Oil Equivalent.

Rock in which oil and gas are found in exploitable quantities.

Abandon

(1) The act or process of reducing the intensity of pollution.(2) The use of some method of abating pollution.

The American Petroleum Institute is the primary trade association representing the oil and natural gas industry in the United States.

The space between: (1) The casing and the wall of the borehole.(2) Two strings of casing.(3) Tubing and casing.

American Petroleum Institute

An indicator developed by the American Petroleum Institute (API) to identify areas such as counties and other subdivision areas identified within state boundaries. Defined by API Bulletin D12A, as amended. This code becomes a part of the API Well Number.

The indicator assigned to a state, as defined in API Bulletin D12A, as amended. This code is a part of the API Well Number (The Api State Code for Colorado is 05).