Enverus Glossary

AWC stands for active wake control. This strategy is used in wind farms to optimize the overall power production and reduce structural loading on wind turbines. By intentionally adjusting the yaw angles of turbines, AWC redirects the wake effects caused...

API10s, in the context of asset identification, refer to unique identifiers assigned to physical or digital assets to enable efficient tracking, management and inventory control within an organization.

Appalachia encompasses the Marcellus and Utica shales in Pennsylvania, Ohio and West Virginia. It is the largest natural gas-producing region in the U.S.

Asset development refers to the full lifecycle of bringing hydrocarbon resources from discovery to production, including exploration, appraisal, planning, drilling, operation, completion and production optimization. Each phase requires strategic decision-making, capital investment and technical expertise. Successful asset development maximizes resource...

Asset valuations in the context of operators refer to the process of determining the value of physical and intangible assets owned or managed by a company. This valuation is crucial for financial reporting, investment analysis and strategic planning, ensuring that...

Audits in the mineral industry involve a systematic and objective evaluation of various aspects of mineral processing operations. These audits aim to identify inefficiencies, optimize resource utilization, improve product quality and recovery, ensure regulatory compliance and enhance operational safety.

Available Transfer Capability (ATC) represents the amount of power that can be reliably transferred through a transmission network or substation after accounting for existing commitments like current loads and scheduled energy transfers. ATC is crucial for renewable energy developers, as...

Battery storage, or battery energy storage systems (BESS), are devices that store energy from the grid or renewable sources like solar and wind and release it when needed. Battery storage systems (BESS) store energy from the grid or renewables like...

Benchmarking in the energy industry refers to the process of comparing a company’s operational or financial performance against industry standards, peer groups or best practices. It helps identify inefficiencies, optimize resource utilization, reduce costs and improve sustainability. Benchmarking can cover...

A Blowout Preventer (BOP) is a high-pressure safety device installed at the wellhead during oil and gas drilling operations. Its primary function is to seal the well and prevent the uncontrolled release of oil, gas or drilling fluids—known as a...

CAISO stands for the California Independent System Operator. It is a nonprofit organization that oversees the operation of California’s bulk electric power system, transmission lines and electricity market.

CapEx refers to the funds used by a company to acquire, upgrade and maintain physical assets such as property, equipment and infrastructure. In the oil and gas sector, CapEx is essential for activities like drilling new wells, developing oilfields and...

Capital efficiency in the oil and gas sector refers to the optimal use of financial resources to maximize production and profitability while minimizing costs. This involves strategic investments in technology, infrastructure and operations to enhance productivity and reduce waste. Companies...

Carbon capture utilization and storage (CCUS) is a suite of technologies designed to capture carbon dioxide (CO₂) emissions from sources like power plants and industrial facilities. The captured CO₂ can then be either utilized in various industrial processes or stored...

Carbon markets are trading systems where carbon credits, representing the right to emit a certain amount of greenhouse gases, are bought and sold. These markets include compliance markets, regulated by governments, and voluntary markets, where companies and individuals can purchase...

Compressor stations are facilities installed along natural gas pipelines to boost gas pressure lost due to friction and elevation changes, ensuring continuous flow.

Counterparty risk refers to the possibility that the other party in a financial transaction—such as a trade, loan or derivative contract—may default on their contractual obligations. This risk is especially relevant in trading and financial markets where institutions rely on...

A data center is a physical facility that houses IT infrastructure, including servers, storage systems and networking equipment. It is designed to store, manage and process large amounts of data, ensuring the continuous operation of applications and services. Data centers...

The day-ahead market is a wholesale electricity market where participants schedule electricity transactions one day in advance, based on forecasted supply and demand, to optimize grid operations.

Decline Curve Analysis (DCA) is a forecasting method used to estimate future production rates and recoverable reserves of oil and gas wells by analyzing historical production data. It relies on mathematical models, most notably Arps’ equations, which include exponential, hyperbolic,...

The Delaware Basin is the western sub-basin of the Permian Basin, located in western Texas and southeastern New Mexico. The Delaware Basin is known for its prolific oil and gas production, particularly from multiple stacked unconventional shale formations like the...