Definition of Extensions

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TeachMeFinance.com - explain Extensions



Extensions

The term 'Extensions' as it applies to the area of energy can be defined as ' Any new reserves credited to a previously producing reservoir because of enlargement of its proved area. This enlargement in proved area is usually due to new well drilling outside of the previously known productive limits of the reservoir'.

Previous 5 Terms:
EXTD
Extended Care Services
Extended Forecast Discussion
extension forester
Extension Service
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Extensions, discoveries, and other additions
extensometer
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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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