unitization Sentence Examples
- Unitization involves combining separate oil and gas reservoirs into a single operating unit.
- The unitization agreement outlines the responsibilities and benefits of each participant in a shared project.
- Unitization often allows for more efficient operations and cost-effective development.
- The unitization of oil and gas fields in a region can lead to increased production and recovery rates.
- Unitization agreements include provisions for managing revenue and expenses among multiple operators.
- Governments may encourage unitization to optimize resource utilization and minimize environmental impact.
- Unitization promotes collaboration and reduces competition between adjacent operators.
- The legal framework for unitization varies depending on the jurisdiction and the specific resources involved.
- Unitization can be applied to both conventional and unconventional oil and gas resources.
- Unitization agreements typically address issues such as reservoir management, production allocation, and liability.
unitization Meaning
unitization (n)
(psychology) the configuration of smaller units of information into large coordinated units
the act of packaging cargo into unit loads
conversion of an investment trust into a unit investment trust
the joint development of a petroleum resource that straddles territory controlled by different companies
Synonyms & Antonyms of unitization
No Synonyms and anytonyms found
FAQs About the word unitization
(psychology) the configuration of smaller units of information into large coordinated units, the act of packaging cargo into unit loads, conversion of an invest
No synonyms found.
No antonyms found.
Unitization involves combining separate oil and gas reservoirs into a single operating unit.
The unitization agreement outlines the responsibilities and benefits of each participant in a shared project.
Unitization often allows for more efficient operations and cost-effective development.
The unitization of oil and gas fields in a region can lead to increased production and recovery rates.
