unitization Sentence Examples

  1. Unitization involves combining separate oil and gas reservoirs into a single operating unit.
  2. The unitization agreement outlines the responsibilities and benefits of each participant in a shared project.
  3. Unitization often allows for more efficient operations and cost-effective development.
  4. The unitization of oil and gas fields in a region can lead to increased production and recovery rates.
  5. Unitization agreements include provisions for managing revenue and expenses among multiple operators.
  6. Governments may encourage unitization to optimize resource utilization and minimize environmental impact.
  7. Unitization promotes collaboration and reduces competition between adjacent operators.
  8. The legal framework for unitization varies depending on the jurisdiction and the specific resources involved.
  9. Unitization can be applied to both conventional and unconventional oil and gas resources.
  10. Unitization agreements typically address issues such as reservoir management, production allocation, and liability.

unitization Meaning

Wordnet

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.