Oil and Gas Glossary: W Terms
6 oil and gas terms start with the letter W. Each one is defined below, in alphabetical order.
W-9
The IRS (Internal Revenue Service) form used to request someone’s TIN (taxpayer identification number).
Waterflood, Waterflooding
A form of secondary recovery, the process of injecting water into injection wells causing oil to migrate to adjacent producing wells.
Well Site
The physical location on which an oil or gas well is drilled. The size of the well site generally ranges from about ½ to 2 acres, depending on the foot print of the production facilities needed.
Wildcat
A well drilled in an unproven area for the purpose of discovering a new field or reservoir.
Working Interest, WI
Interest(s) in a mineral property.
Workover
Operations on a producing well to restore or increase production.