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Q: Natural Gas Terminology ( Answered 5 out of 5 stars,   0 Comments )
Subject: Natural Gas Terminology
Category: Business and Money > Economics
Asked by: nilegarritson-ga
List Price: $2.00
Posted: 06 Nov 2005 10:41 PST
Expires: 06 Dec 2005 10:41 PST
Question ID: 589753
I recently read a sentence in the Wall Street Journal that started
this way:  "Shut-in natural-gas
production increased to 5.58 billion cubic feet a day...".  What does
the term shut-in mean
in this context?
Subject: Re: Natural Gas Terminology
Answered By: jackburton-ga on 06 Nov 2005 11:21 PST
Rated:5 out of 5 stars
The unused production capability of oil or gas wells. Sometimes this
term is used to refer to the capacity of all non-producing oil or gas
wells, whether or not they are connected to surface gathering and
producing facilities.
Natural gas that could be produced, but the production of which is
curtailed due to state conservation orders (pro-rationing),
unfavorable economics, lack of buyers at existing prices, failure of
committed buyers to take natural gas or other reasons that result in
natural gas not being produced.
I hope this answers your question.
Best regards,
Search strategy:
"Shut-in" "natural-gas" terms  
"Shut-in" "natural-gas" capacity glossary
nilegarritson-ga rated this answer:5 out of 5 stars and gave an additional tip of: $1.00
Direct and to the point in easy to understand language.

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