from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. conversion of an investment trust into a unit investment trust
- n. the act of packaging cargo into unit loads
- n. the joint development of a petroleum resource that straddles territory controlled by different companies
- n. (psychology) the configuration of smaller units of information into large coordinated units
Sorry, no etymologies found.
So all the operators abandoned together and did what we call unitization, where it puts all
Government mandates may be necessary if some of the "unitization" concepts are to be implemented.
Jarvis just presented an outline of some of these concepts, called "unitization," at a professional conference in Kyoto, Japan, and will also explore them in upcoming conference in Stevenson, Wash., and Xi'an, China.
There would be six competing wells on the same pool, each trying to exract as much oil as possible before their neighbors got it. the unitization solution is both far more economically efficient and far more environmentally friendly.
To paraphrase Sir Winston Churchill, stretch film is the worst form of pallet unitization except all the others that have been tried.
The solution is “unitization,” whereby the owners agree on the total amount to be produced, and total number of wells to operate and split the proceeds, even if not all the owners have operating wells.
The solution is “unitization,” whereby the owners agree on the total amount to be produced, and total number of wells to operate and split the proceeds, even if not all the owners have operating wells.byomtovQuote
Farish became a strong advocate of unitization—operating fields as single units.
A demoralized William Farish, the president of Humble, wrote to Walter Teagle that only the shock and pain of very low prices could convince the independents that their long-term interests lay in control of production and unitization.
“We are interested in all types of digital fabrication via mill, water jet, 3D printers and contour control sculpting,” says RES4 partner Paul Coughlin, “but the 3D printer seemed the most applicable to our modern modular explorations which exploit volumetric unitization, not surface unitization.”
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