Natural Gas Terminology
Category: Business and Money > Economics
Asked by: nilegarritson-ga
List Price: $2.00
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?
Re: Natural Gas Terminology
Answered By: jackburton-ga on 06 Nov 2005 11:21 PST
_________________________________________ Shut-In-Capacity 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. http://www.dailyoilbulletin.com/common/glossary/S-glossary.asp _________________________________________ Shut-In 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. http://www.duke-energy.com/company/energy101/glossary/G.asp _________________________________________ I hope this answers your question. Best regards, Jackburton-ga Search strategy: "Shut-in" "natural-gas" terms "Shut-in" "natural-gas" capacity glossary
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