I'm going to provide a summary of the oil business.
But before I get into that, I want to provide a very rudimentary
summary of some of the basics of oil and how oil is found in the ground.
So all petroleum is a compound of hydrogen and carbon atoms, formed when
organic matter spends lots, and lots, and lost of time subject to high temperatures.
So that's what turns organic matter over geologic time in to petroleum.
But as important as it is to understand what petroleum is, it's
at least as important to understand the nature of the formations where it's found.
So there are a few basic concepts you
need to to understand porosity permeability, and then trapping.
Porosity, refers to the open
space between the g, the grains in a
particular, in a particular formation.