An aromatic compound used to make polyester fibers and plastic soft drink bottles.
The stratum of rock in which oil and/or gas is found.
The capacity of a rock or stratum to allow water or other fluids, such as oil, to pass through it.
An intermediate chemical derived from petroleum, hydrocarbon liquids or natural gas: ethylene, propylene, benzene, toluene and xylene.
A generic name for hydrocarbons, including crude oil, natural gas liquids, natural gas and their products
Solid carbon or coke retained as a residue in tar stills after high-temperature distillation.
A cylindrical device that is inserted into a pipeline to clean the pipeline wall or monitor the internal condition of the pipeline. Also called a go-devil.
Long steel piles driven into the seabed to anchor fixed offshore structures solidly in place.
A pipe through which natural gas, crude oil or petroleum products are pumped between two points, either onshore or offshore.
A generic term for a range of high-molecular-weight polymers that can be used to produce a variety of items.
A class of petroleum-based materials that can be molded to form plastic items or used as the basis of adhesives.
The level of peak production reached by an oil or gas field; it is always followed by declining level of production.
An offshore structure from which development wells are drilled; see drilling installation, production installation.
Platt's FOB MED -
free on board Mediterranean prices as stipulated by Platt's.
Playa Lakes Joint Venture
Phillips was one of the founding partners of this cooperative partnership of government and private organizations to preserve the playas of Oklahoma, Texas, New Mexico, Colorado and Kansas. Playas, which are small, shallow basins, serve as critical habitat for some 4 million ducks, geese and sandhill cranes. An important part of the effort is providing teachers in the playa region with educational materials that stress the importance of playas. In 1991, the joint venture was awarded a Presidential Citation by President George Bush.
The process whereby a well that is no longer (and never likely to be) needed is filled with concrete and abandoned. Often referred to as "p&a" -- plugged and abandoned.
Plastic made from ethylene; used in manufacturing trash bags, milk jugs, shampoo bottles, water coolers and cable coating, among other things.
A complex compound formed by the polymerization of one or more monomers.
An engineering plastic with excellent resistance to most chemicals. See Ryton.
Basic plastic formed by joining propylene molecules together. Used in the manufacture of synthetic fibers, automotive parts, luggage, safety helmets and home construction.
The commercial name of the Esso proprietary naphtha catalytic reforming processor.
The abbreviation for "parts per million," the scale on which impurities and contaminants in oils, gases and petrochemicals are measured.
A facility designed to separate substances or make new substances through chemical reactions, procedures or physical actions.
Brines that flow or are lifted to the surface with oil.
The percentages of gasoline, jet fuel, kerosene, gas oil, distillates, residual fuel oil, lubricating oil and solid products that a refinery can produce from a single barrel of crude oil.
Drilling of wells in order to bring a field into production.
An installation from which development wells are drilled and that carries all the associated processing plants and other equipment needed to maintain a field in production.
A document issued by the governing state granting an oil company authority to produce oil and natural gas in a designated geographic area.
The productive life of an oil or gas field.
A platform from which development wells are drilled and that carries all the associated processing plants and other equipment needed to maintain a field in production.
The tubing or piping in a production well through which oil or gas flows from the reservoir to the wellhead.
A well used to remove oil or gas from a reservoir.
A heavy gaseous hydrocarbon found in crude oil and natural gas; used as fuel and in the making of petrochemicals.
A raw material in the chemical, plastics and fibers industries. Major component of the plastic polypropylene.
An oil and/or gas field whose physical extent and estimated reserves have been determined.
Estimated quantities of hydrocarbons that geological and engineering data demonstrate will be recoverable from known oil and natural gas reservoirs under existing economic and operating conditions.
Facilities placed along the route of a pipeline to keep oil or gas moving along with pressure or suction.