Energy Toolkit

Table of Contents

GLOSSARY OF OILPATCH TERMS

A B C D E F G H I J K L M N O P R S T U V W X Y Z

 
Half-Life
The period required for the decay of half of the atoms in a given amount of a specific radioactive substance.
 
 
Heating Oil
Generic term for oils used exclusively for heating. Most often used to refer to No.2 fuel oil and to heavy fuel oil.
 
 
Heavy Fuel Oil (HFO)
The fuel that remains after the refining process has eliminated the "light ends" from crude oil. Since heavy fuel constitutes the residuum of the crude barrel, it is commonly called residual fure, or resid.
 
 
Heavy Water
Water in which the hydrogen atoms are the heavy hydrogen isotope, deuterium. It is sometimes called deuterium oxide (D2O).
 
 
Hybrid System
A dual fuel heating system using two altenative sources of energy. The most common systems use oil and electricity.
 
 
Hydrocarbon
Any of a large class of organic compounds containing only carbon and hydrogen. The molecular structure of hydrocarbon compounds varies from the simplest, menthane (CH4), the main constituent of natrual gas, to heavier and more complex molecules, such as octane (C8H18), a constituent of crude oil. Crude oil and natrual gas are often referred to as hydrocarbons or hydrocarbon fuels.
 
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Oil & Gas Prices
NYMEX-WTI
USD 69.31 / BBL
NYMEX Natural Gas
USD 3.80 / MMBTU
AECO/NGX Spot Price
CAD 2.98 / GJ
Imperial Light Crude
CAD 78.82 / BBL
Imperial Bow River (25 API)
CAD 74.85 / BBL
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CAD 72.46 / BBL
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