What is disposition in oil production?
The components of petroleum disposition are stock change, crude oil losses, refinery inputs, exports, and products supplied for domestic consumption. These districts were originally defined during World War II for purposes of administering oil allocation.
What is the difference between oil sands and tar sands?
The term oil sands refers to a particular type of nonconventional oil deposit that is found throughout the world. Oil sands, sometimes referred to as tar sands, is a mixture of sand, clay, other minerals, water, and bitumen. The bitumen is a form of crude oil that can be separated out from the mixture.
What is domestic crude oil allocation?
The domestic crude is a portion of the government’s share of production from its joint venture and production sharing contracts which totals an average of 1 million barrels per day. PPMC sends some of the crude to domestic refineries, and COMD either sells the rest for export or trades it for petroleum products.
What does disposition mean in oil and gas?
Disposition details provide the breakdown of the various ways oil or gas leases dispose of their products. These are provided only when doing a Specific Lease Query. As you move over the code columns, a definition of the code appears.
Why the oil sands are bad?
In fact, oil from tar sands is one of the most destructive, carbon-intensive and toxic fuels on the planet. Producing it releases three times as much greenhouse gas pollution as conventional crude oil does. In fact, it has become one of the fastest-growing sources of greenhouse gas emissions in that country.
How efficient are oil sands?
Oil sands operations have become significantly more energy efficient over the history of the industry. Oil sands production is largely fueled with energy from the bitumen resource itself, making external energy returns high. Oil sands production is still significantly less efficient than conventional oil production.
How do the oil sands work?
Steam is injected into the oil sands deposit, reducing the viscosity of the bitumen. A mixture of mostly bitumen and water is pumped to the surface, where the water is recovered and recycled. The deposit is mined and trucked to a main processing plant. Hot water is added to the oil sands, producing a pumpable slurry.
How is oil extracted from the earth?
Petroleum reservoirs can be found beneath land or the ocean floor. Their crude oil is extracted with giant drilling machines. There are huge quantities of petroleum found under Earth’s surface and in tar pits that bubble to the surface. Petroleum even exists far below the deepest wells that are developed to extract it.
In which treaty territory is the oil sands located?
Treaty 8
The oil deposits are located within the boundaries of Treaty 8, and several First Nations of the area are involved with the sands.
https://www.youtube.com/watch?v=cxiA40XHF0I