Glossary of terms used on this siteThere are 83 entries in this glossary.
The value of property upon which a utility is permitted to earn a specified rate of return as established by a regulatory authority. The rate base generally represents the value property used by the utility in providing service and may be calculated by any one or a combination of the following accounting methods: fair value, prudent investment, reproduction cost or original cost. Depending on which method is used, the rate base includes cash, working capital, materials and supplies and deductions for accumulated provisions for depreciation, contributions in aid of construction, customer advances for construction, accumulated deferred income taxes and accumulated deferred investment tax credits.
|Real Internal Rate Of Return (RIRR):
Internal rate of return (IRR) calculated according to the original net cash recoveries.
|Refinery Capacity, Mbbls/day:
The daily refining capacity of a refinery.
Investment needed to purchase a (skid-mounted) refinery with an annual capacity equal to the annual production from the field(s).
The sum of the costs and prices of the following parameters:
The amount of money obtained from the sale of refined products.
|Rehabilitated Wells (Production):
Number of wells to be rehabilitated each year. It is assumed with reasonable assurance that the well performance rates will increase considerably as a result of the rehabilitation process.
|Rehabilitation Cost of a Well (Productio
Rehabilitation cost, $/well multiplied by the amount of wells rehabilitated.
|Rehabilitation Cost Total (Production):
Cost of well rehabilitation operations, the most vital process in increasing the hydrocarbon output and decreasing the water currently produced. Rehabilitation may involve one or more of the operations listed below, depending on the output planned: