Lecture%20questions%20%2006%20-%20Leasing%20%20and%20Drilling%20P

Lecture%20questions%20%2006%20-%20Leasing%20%20and%20Drilling%20P

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EAS 375 Lecture Questions 07 – Leasing and Drilling 1. What is the difference between surface and mineral rights? 2. What are the basic types of international leases? 3. What is the “rule of capture”? 4. What is the blowout preventer? 5. What is the importance of drilling mud when drilling a oil well? 6. What is horizontal drilling? 7. What are the benefits of horizontal drilling? 8.. Discuss the three major ways crude oil is transported to a refinery and the advantages and disadvantages of each. 9. Why is distillation considered to be foundation of refining crude oil into the petroleum
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Unformatted text preview: products? 10. What is meant by “cracking” in the refining process? 11. Why do we have more volume of products using the cracking process than we started with? 12. Why are reservoirs important to producing oil? 13. Briefly describe or sketch the production of oil from a reservoir? 14. Why is meant by refinery gain? 16. What is the Strategic Petroleum Reserve (SPR) and what is its purpose? 16. Why would a politician be tempted to release oil or heating oil from the SPR?...
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This note was uploaded on 02/06/2012 for the course EAS 375 taught by Professor Na during the Fall '11 term at Purdue University.

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