oil & gas assets

Glossary of Industry Terms

This library of terms is constantly growing. If you cannot find a term you need or would like to suggest a term to add to this glossary email us at memberservice@plsx.com


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W (Wanted)
Wildcat
The first well drilled in an area where no oil or gas production exists.
WTI
An abbreviation for West Texas Intermediate. WTI is a specific grade of crude oil that is a benchmark commodity of the U.S. oil industry.