ACRONYMS
PPA stands for
What is prior period adjustment?
Unit of measurement used for oil
What is a barrel?
The word petroleum comes from the latin words "petra" and "oleum" which mean
What is "rock" and "oil" or "rock oil"?
TV drama series starring Billy Bob Thornton working in West Texas oilfields
What is Landman?
The largest oil and gas company in the US
What is EXXON Mobil?
BLM stands for
What is Bureau of Land Management?
Number of gallons of crude oil in a barrel
What is 42 gallons?
This form started as a written ownership list posted on oil storage tanks
What is a division order?
1962 comedy sitcom about a poor family from the Ozarks who strike oil and move to a mansion in California.
What is The Beverly Hillbillies?
The rightful owners of the minerals in a well
Who are the Royalty Owners?
NGL stands for
What is Natural Gas Liquids?
Number of sections in a township
What is 36?
What is Spindletop?
Book and movie set in 1920s Oklahoma after oil was discovered on Osage Nation tribal land.
What is Killers of the Flower Moon?
Process by which states take ownership of unclaimed property
What is escheat?
AAPL stands for
What is American Association of Professional Landmen?
Number of cubic feet in an MCF
What is one thousand cubic feet?
Edwin ______ is credited with drilling the first successful oil well in the United States
Who is Drake or Edwin Drake?
1998 movie starring Bruce Willis as a deep-sea driller recruited by NASA to go into space and destroy a Texas-sized asteriod that is heading toward Earth.
What is Armageddon?
This foul-smelling chemical is added to natural gas and propane as a safety measure ensuring leaks can be detected.
What is mercaptan?
ONRR stands for
What is the Office of Natural Resources Revenue?
The decimal equivalent of 1/16
Name given to the pioneers who explored and drilled first wells. This nickname is also used today for those who drill in unproven or high-risk territories.
What are Wildcatters?
2016 movie starring Mark Wahlberg, Kurt Russel, John Malkovich that recounts the explosion of the rig in the Gulf of Mexico.
What is Deep Water Horizon?
The system used by Texas to determine land divisions
What is the Metes and Bounds System?