Page 46 - Sun Resources Annual Report 2013

GLOSSARY
Term Description
Tank Farm An installation used by trunk and gathering pipeline companies, crude oil producers, and terminal operators
(except refineries) to store crude oil.
tcf Trillion cubic feet (of natural gas)
TD Total depth, The planned deepest measured depth of the well
TVD True Vertical Depth. The shortest vertical distance from a point in the well (usually the current or final depth) to
an equivalent point at the surface, usually the elevation of the rotary kelly bushing (RKB).
Well A hole drilled in the earth for the purpose of (1) finding or producing crude oil or natural gas; or (2) producing
services related to the production of crude or natural gas.
Wellhead The point at which the crude (and/or natural gas) exits the ground.
WI Working Interest
1P Proved (90% confidence that the reserve is recoverable)
2P Proved and probable (at least 50% probability that reserves recovered will exceed Proven plus Probable
reserves)
3P Proved, probable and possible (reserves that to a low degree of certainty (10% confidence) are recoverable)
3P reserves Proved, Probable and Possible
Cashed up, ready to finesse
frac design and implement
next round of drilling.
SUN RESOURCES ANNUAL REPORT 2013 44