Glossary
Browse the IADC Lexicon alphabetically or by category. Get comprehensive definitions of drilling industry terms.
Holder
Definition(s)
Holder
“Holder” means a holder of an authorization to construct or operate a pipeline issued under paragraph 5(1)(b); titulaire. Source: Canada Oil and Gas Operations Act, R.S.C., 1985, c. O-7, Canada, current to April 29, 2013. LegislationPooled Spacing Unit
Definition(s)
Pooled Spacing Unit
“Pooled spacing unit” means the area that is subject to a pooling agreement or a pooling order; unité d’espacement mise en commun. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. Legislation Source: Canada Oil and Gas Operations Act, R.S.C., 1985, c. O-7, Canada, current to April 29, 2013. LegislationPooled Tract
Definition(s)
Pooled Tract
“Pooled tract” means the portion of a pooled spacing unit defined as a tract in a pooling agreement or a pooling order; parcelle mise en commun. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. Legislation Source: Canada Oil and Gas Operations Act, R.S.C., 1985, c. O-7, Canada, current to April 29, 2013. LegislationPooling Agreement
Definition(s)
Pooling Agreement
“Pooling agreement” means an agreement to pool the interests of owners in a spacing unit and to provide for the operation or the drilling and operation of a well thereon; accord de mise en commun. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. Legislation Source: Canada Oil and Gas Operations Act, R.S.C., 1985, c. O-7, Canada, current to April 29, 2013. LegislationPooling Order
Definition(s)
Pooling Order
“Pooling order” means an order made under section 173 or as altered pursuant to section 175; arrêté de mise en commun. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. LegislationPooling Order
“Pooling order” means an order made under section 31 or as altered pursuant to section 35; arrêté de mise en commun. Source: Canada Oil and Gas Operations Act, R.S.C., 1985, c. O-7, Canada, current to April 29, 2013. LegislationProvincial Minister
Definition(s)
Provincial Minister
“Provincial Minister” means the Minister of Mines and Energy of the Province; ministre provincial. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. LegislationProvincial Minister
“Provincial Minister” means the Minister of Development of the Province or such other Minister of the Crown in right of the Province as may be designated by the Provincial Government for the purpose of entering into an agreement pursuant to this Part; ministre provincial. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. LegislationProvincial Minister
“Provincial Minister” means the Provincial Minister within the meaning of either of the Accord Acts; ministre provincial. Source: Canada Oil and Gas Operations Act, R.S.C., 1985, c. O-7, Canada, current to April 29, 2013. LegislationRoyalty Interest
Definition(s)
Royalty Interest
“Royalty interest” means any interest in, or the right to receive a portion of, any oil or gas produced and saved from a field or pool or part of a field or pool or the proceeds from the sale thereof, but does not include a working interest or the interest of any person whose sole interest is as a purchaser of oil or gas from the pool or part thereof; droit à redevance. Source: Canada Oil and Gas Operations Act, R.S.C., 1985, c. O-7, Canada, current to April 29, 2013. Legislation Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. LegislationRoyalty Owner
Definition(s)
Royalty Owner
“Royalty owner” means a person, including Her Majesty in right of Canada, who owns a royalty interest; titulaire de redevance. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. Legislation Source: Canada Oil and Gas Operations Act, R.S.C., 1985, c. O-7, Canada, current to April 29, 2013. LegislationTract Participation
Definition(s)
Tract Participation
“Tract participation” means the share of production from a unitized zone that is allocated to a unit tract under a unit agreement or unitization order or the share of production from a pooled spacing unit that is allocated to a pooled tract under a pooling agreement or pooling order; fraction parcellaire. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. Legislation Source: Canada Oil and Gas Operations Act, R.S.C., 1985, c. O-7, Canada, current to April 29, 2013. LegislationTransfer Date
Definition(s)
Transfer Date
“Transfer date” means the effective date of the first order of the Governor in Council made pursuant to section 47.1 of the Yukon Act, as amended by this Act, after this section comes into force that transfers the administration and control of oil and gas to the Commissioner of the Yukon Territory; date de transfert. Source: Canada Oil and Gas Operations Act, R.S.C., 1985, c. O-7, Canada, current to April 29, 2013. LegislationUnit Agreement
Definition(s)
Unit Agreement
“Unit agreement” means an agreement to unitize the interests of owners in a pool or a part of a pool exceeding in area a spacing unit, or such an agreement as varied by a unitization order; accord d’union. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. Legislation Source: Canada Oil and Gas Operations Act, R.S.C., 1985, c. O-7, Canada, current to April 29, 2013. LegislationUnit Area
Definition(s)
Unit Area
“Unit area” means the area that is subject to a unit agreement; secteur unitaire. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. Legislation Source: Canada Oil and Gas Operations Act, R.S.C., 1985, c. O-7, Canada, current to April 29, 2013. LegislationUnit Operating Agreement
Definition(s)
Unit Operating Agreement
“Unit operating agreement” means an agreement, providing for the management and operation of a unit area and a unitized zone, that is entered into by working interest owners who are parties to a unit agreement with respect to that unit area and unitized zone, and includes a unit operating agreement as varied by a unitization order; accord d’exploitation unitaire. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. Legislation Source: Canada Oil and Gas Operations Act, R.S.C., 1985, c. O-7, Canada, current to April 29, 2013. LegislationUnit Operator
Definition(s)
Unit Operator
“Unit operator” means a person designated as a unit operator under a unit operating agreement; exploitant unitaire. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. Legislation Source: Canada Oil and Gas Operations Act, R.S.C., 1985, c. O-7, Canada, current to April 29, 2013. LegislationUnit Tract
Definition(s)
Unit Tract
“Unit tract” means the portion of a unit area that is defined as a tract in a unit agreement; parcelle unitaire. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. Legislation Source: Canada Oil and Gas Operations Act, R.S.C., 1985, c. O-7, Canada, current to April 29, 2013. LegislationUnitization Order
Definition(s)
Unitization Order
“Unitization order” means an order of the Committee made under section 181; arête d’union. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. LegislationUnitization Order
“Unitization order” means an order of the Committee made under section 41; arrêté d’union. Source: Canada Oil and Gas Operations Act, R.S.C., 1985, c. O-7, Canada, current to April 29, 2013. LegislationUnitized Zone
Definition(s)
Unitized Zone
“Unitized zone” means a geological formation that is within a unit area and subject to a unit agreement; terrain. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. LegislationWorking Interest
Definition(s)
Working Interest
“Working interest” means a right, in whole or in part, to produce and dispose of oil or gas from a pool or part of a pool, whether that right is held as an incident of ownership of an estate in fee simple in the oil or gas or under a lease, agreement or other instrument, if the right is chargeable with and the holder thereof is obligated to pay or bear, either in cash or out of production, all or a portion of the costs in connection with the drilling for, recovery and disposal of oil or gas from the pool or part thereof; intérêt économique direct. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. Legislation Source: Canada Oil and Gas Operations Act, R.S.C., 1985, c. O-7, Canada, current to April 29, 2013. LegislationCall for Bids
Definition(s)
Call for Bids
“Call for bids” means a call for bids made in accordance with section 61; appel d’offres. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. LegislationCall for Bids
“Call for bids” means a call for bids made in accordance with section 14; appel d’offres. Source: Canada Petroleum Resources Act, R.S.C. 1985, c. 36 (2nd Supp.), current to April 29, 2013. LegislationCommercial Discovery
Definition(s)
Commercial Discovery
“Commercial discovery” means a discovery of petroleum that has been demonstrated to contain petroleum reserves that justify the investment of capital and effort to bring the discovery to production; découverte exploitable. Source: Canada Petroleum Resources Act, R.S.C. 1985, c. 36 (2nd Supp.), current to April 29, 2013. Legislation Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. LegislationCommercial Discovery Area
Definition(s)
Commercial Discovery Area
“Commercial discovery area” means, in relation to a declaration of commercial discovery made pursuant to subsection 35(1) or (2), those frontier lands described in the declaration; périmètre de découverte exploitable. Source: Canada Petroleum Resources Act, R.S.C. 1985, c. 36 (2nd Supp.), current to April 29, 2013. Legislation Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. LegislationCrown Reserve Lands
Definition(s)
Crown Reserve Lands
“Crown reserve lands” means frontier lands in respect of which no interest is in force; réserves de l’État. Source: Canada Petroleum Resources Act, R.S.C. 1985, c. 36 (2nd Supp.), current to April 29, 2013. LegislationDeputy Registrar
Definition(s)
Deputy Registrar
“Deputy Registrar” means such person as the Board may designate as the Deputy Registrar for the purposes of this Division; directeur adjoint. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. LegislationDeputy Registrar
“Deputy Registrar” means- in relation to any area in respect of which the Minister of Natural Resources has administrative responsibility for the natural resources therein, such person as that Minister may designate, and
- in relation to any area in respect of which the Minister of Indian Affairs and Northern Development has administrative responsibility for the natural resources therein,