What are barrels and barrels of oil equivalent?
Bbl Abbreviation for barrel. The standard measurement for liquid petroleum and crude oil products. This is the equivalent of 42 U.S. gallons. BOE Abbreviation for barrels of oil equivalent. Amount of energy resource equal to one barrel of oil on energy basis.
Movember Week 3
Here is our week three update for Movember. Ben is still winning! We will post two final pictures on the 30th, as we will all be out to celebrate Thanksgiving next Friday.
What are Mcf and MMBtu?
Mcf Mcf: Thousand cubic feet MMcf: Million cubic feet Bcf Bcf: Billion cubic feet MMBtu: Million British thermal units – The amount of energy or heating value when burned (for natural gas)
Meet our new ScrumMasters!
Entrance adds new certified ScrumMasters to its software project management arsenal
Entrance Attends SharePoint 2013 Conference in Las Vegas
Earlier this week, some of Entrance’s consultants attended the SharePoint 2013 conference to learn about best practices and find out about new features for the 2013 release.
SharePoint represents one of Microsoft’s biggest investments, so they really pulled out all stops this year, including fireworks and a private Bon Jovi concert!
Microsoft also made a few announcements at the conference about SharePoint 2013 that our consultants are excited about.
What are possible reserves?
Possible Reserves The SEC defines possible reserves to include those additional reserves that are less certain to be recovered than probable reserves. When deterministic methods are used, the total quantities ultimately recovered from a project have a low probability to exceed the sum of proved, probable and possible reserves. When probabilistic methods are used, there […]
For BP Disaster, “Information trickled as oil gushed.”
The Houston Chronicle reported on Tuesday about the ongoing investigation into BP’s well blowout that caused an oil spill in the Gulf of Mexico in 2010. At the time of the spill, there was a lot of dispute between the government and BP about the amount of oil spilling from the Macondo well. During the […]
Leveraging the Power of Web Portals
For many of the new clients we see coming in these days, one of their top questions is, “Can you build us a web portal?” There are a lot of good reasons why web portals are a big deal. For one thing they can bring any stakeholder, internally or externally, into the loop by making […]
What are Probable Reserves?
Probable Reserves The SEC (Securities & Exchange Commission) defines probable reserves as those additional reserves that are less certain to be recovered than proved reserves but which, in sum with proved reserves, are as likely as not to be recovered. When deterministic methods are used, it is as likely as not that actual remaining quantities […]
7 certified ScrumMasters to boost Agile software project management
Entrance adds 7 new ScrumMasters to its Agile Software Project Management arsenal. Instead of focusing on the technical design minutia, scrum shifts our design to Who, What and Why of a solution. More emphasis and value will be placed on the individual team members and our communication with our client. We will be able to respond to change in requirements quickly rather than STUCK following a plan.
What are proved reserves?
Proved Reserves Proved reserves are quantities of reserves that appear with reasonable certainty to be recoverable in the future from known oil and gas reserves based on geologic and engineering data and under existing economic and operating conditions.
SharePoint for Windows 8 and Phones: How could this increase productivity?
Microsoft announced today that they are getting close to releasing an application that will allow users to get updates on the people and documents they follow through the SharePoint Newsfeed. A preview of it is already available today for Windows phone users. Windows 8 users will also soon have an app that will allow them to […]
What are reserves?
Reserves Reserves are those quantities of petroleum anticipated to be commercially recoverable by application of development projects to known accumulations from a given date forward under defined conditions. Reserves must satisfy four criteria, they must be: Discovered Recoverable Commercial Remaining They are used in company valuations and counted as assets and are further categorized in […]
Oil and Gas Compliance Solutions – Creating a Plan
For the past few weeks, I’ve been talking about compliance in Energy. A growing area of concern in the industry, compliance crosses many areas of an oil and gas company – the constant set of changing requirements around safety, tax, land, legal, environmental and other compliance can feel overwhelming. Luckily, while every compliance scenario is different, there’s a way to […]
Movember, Week 2
Just a quick update for week 2 of Movember. Some of our men have more noticeable growth than others. We think Ben (second from the bottom) has the best ‘stache so far. Their wives and girlfriends are cringing as we speak!
Steps for Managing Compliance During a Merger or Acquisition
When a company is facing M&A, the necessity of merging two IT systems can sometimes raise some interesting issues surrounding compliance. As you examine the data, you may discover gaps in the information you are tracking. The stakes for non-compliance are high, so don’t leave this risk to chance! To begin evaluating whether you have […]
What are areas and blocks?
Areas and Blocks For the purposes of categorizing the location of wells within the Gulf of Mexico, the body of water is divided into Areas and Blocks. Areas refer to large, asymmetric regions of the Gulf, determined by the underlying geography. Blocks are (as much as possible) rectangular sub-sections of each area. They do not […]
What is a Well?
Well By technical definition, a well is a hole drilled in the ground to obtain geological information, find and produce oil or gas, or provide service to the operation of an oil and gas property. Wellhead The wellhead refers to the equipment at the top of a well casing that is used to maintain the […]
What is a Field?
Field Geologic area consisting of a reservoir or set of reservoirs all grouped on or related to the same individual geologic structural feature or stratigraphic feature.
What is a Reservoir?
Reservoirs Reservoirs are porous and permeable underground formations that contain natural accumulations of producible hydrocarbons. These formations are confined by impermeable rock or water barriers and are separate from other reservoirs.
