What is difference between LOT and fit?
FITs are considered good drilling practice because of the information obtained from them. However, resistance to conducting FITs is typical because of the NPT required. In contrast, a LOT is comparable to testing a pressure vessel to leak, rupture, or become permanently deformed.
What is the difference between board lot and odd lot?
A board lot is a standard number of shares that’s determined based on two things: the exchange where the security trades and the stock price. Generally, a board lot for stocks priced at $1 or more is equal to 100 shares. If you trade a number of shares that’s not a full board lot, it is referred to as an odd lot.
What is Oneboard lot?
A stock exchange might define one board lot as equaling 1,000 shares for stocks priced under $1, and 100 shares for shares valued at more than $1. The thinking is that standardization increases liquidity, thus lowering spreads and making the market more efficient for everybody.
What is another term for a board lot?
: the usual stock-exchange trading unit determined by the rules of the particular exchange (such as, in New York, 100 shares of stock) — called also full lot.
What is the difference between leak off test and formation integrity test?
The main difference between Leak Off Test and Formation Integrity Test is that LOT is that the formation is pressurized till getting to the injection level.
What is casing shoe test?
PetroWiki. A pressure test of the casing seal, after the cement job, to the pressures necessary to safely control the pressure of the deeper zones.
What is the difference between bid and ask price?
The term “bid” refers to the highest price a buyer will pay to buy a specified number of shares of a stock at any given time. The term “ask” refers to the lowest price at which a seller will sell the stock.
What is t1 rolling settlement?
This means those transacting in shares falling under the T+1 settlement cycle will get their money or shares delivered within 24 hours. Henceforth, 500 stocks will be added under the new settlement system on last Friday of every month.
What is CDS account?
A Central Depository System (CDS) account is an account that records the ownership of your stock holdings and any of your transaction history whenever you buy or sell shares.
What is kick tolerance?
Kick Tolerance is the maximum volume of gas kick in barrels that we are able to successfully shut the well in and circulate the kick out of hole without breaking formation strength at shoe depth or overcoming the weakest anticipated facture pressure in wellbore.In order to calculate kick tolerance, we need to assume …
How do you calculate fit test?
Oilfield Unit
- Pressure required for FIT = (Required FIT – Current Mud Weight) × 0.052 × True Vertical Depth of shoe.
- Pressure required for FIT in psi.
- Required FIT in ppg.
- Current Mud Weight in ppg.
- True Vertical Depth of shoe in ft.
What are calls vs puts?
A call option gives the holder the right to buy a stock and a put option gives the holder the right to sell a stock. Think of a call option as a down payment on a future purchase.