wellhead price
noun Date: 1953 the price less transportation costs charged by the producer for petroleum or natural gas

New Collegiate Dictionary. 2001.

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  • Wellhead price —   The value at the mouth of the well. In general, the wellhead price is considered to be the sales price obtainable from a third party in an arm s length transaction. Posted prices, requested prices, or prices as defined by lease agreements,… …   Energy terms

  • wellhead — /wel hed /, n. 1. a fountainhead; source. 2. Also called wellhouse. a shelter for a well. 3. the assemblage of equipment attached to the opening of an oil or gas well. adj. 4. noting or pertaining to petroleum, natural gas, etc., at the place and …   Universalium

  • Wellhead —   The point at which the crude (and/or natural gas) exits the ground. Following historical precedent, the volume and price for crude oil production are labeled as wellhead, even though the cost and volume are now generally measured at the lease… …   Energy terms

  • Unit value, wellhead —   The wellhead sales price, including charges for natural gas plant liquids subsequently removed from the gas; gathering and compression charges; and state production, severance, and/or similar charges.   U.S. Dept. of Energy, Energy Information… …   Energy terms

  • Natural Gas Act of 1938 — Related Laws Federal Power Act of 1935 Relevant Court Cases FPC V. NATURAL GAS PIPELINE CO., 315 U. S. 575 (1942) The Natural Gas Act of 1938 was the first occurrence of the United States federal government regulating the natural gas industry. It …   Wikipedia

  • History of the petroleum industry in Canada — The Canadian petroleum industry arose in parallel with that of the United States. Because of Canada s unique geography, geology, resources and patterns of settlement, however, it developed in quite different ways. The evolution of the petroleum… …   Wikipedia

  • Shale gas — may also refer to gas generated from oil shaleShale gas is natural gas produced from shale. Because shales ordinarily have insufficient permeability to allow significant fluid flow to a well bore, most shales are not sources of natural gas. Shale …   Wikipedia

  • Deepwater Horizon oil spill — 2010 oil spill and BP oil spill redirect here. For other oil spills in 2010, see 2010 oil spill (disambiguation). For the 2006 oil spill involving BP, see Prudhoe Bay oil spill. For the drilling rig and explosion, see Deepwater Horizon… …   Wikipedia

  • Christmas tree (oil well) — Oil well Christmas tree In petroleum and natural gas extraction, a Christmas tree, or tree , (not wellhead as sometimes incorrectly referred to) is an assembly of valves, spools, and fittings used for an oil well, gas well, water injection well,… …   Wikipedia

  • Natural gas prices — at the Henry Hub in US Dollars per MBtu for the 2000 2010 decade. Natural gas prices, as with other commodity prices, are mainly driven by supply and demand fundamentals. However, natural gas prices may also be linked to the price of crude oil… …   Wikipedia

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