Depletion:

Terms Related to Depletion

• Depletion allowance

  A reduction in us taxes for owners of an economic interest in minerals in place to compensate for the exhaustion of an irreplaceable capital asset. ...

• Stripper

  1. A well nearing depletion that produces a very small amount of oil or gas, usually ten barrels per day or less. 2. A stripper ...

• Secondary cementing

  Any cementing operation after the primary cementing operation. Secondary cementing includes a plug-back job, in which a plug of cement is positioned at a specific ...

• Depreciation

  1. Decrease in value of an asset such as a plant or equipment due to normal wear or passing of time; real property (land) does ...

• Plug-back cementing

  A secondary-cementing operation in which a plug of cement is positioned at a specific point in the well and allowed to set.

• Pressure-integrity test

  A method of determining the amount of pressure that is allowed to appear on the casing pressure gauge as a kick is circulated out of ...

• Waterflooding

  1. A method of improved recovery in which water is injected into a reservoir to remove additional quantities of oil that have been left behind ...