Sediment oil definition

Sediment oil means tank bottoms and other accumulations of liquid hydrocarbons on an oil and gas lease, which hydrocarbons are not merchantable through normal channels.

Related to Sediment oil

  • Sediment means solid material, mineral or organic, that is in suspension, is being transported, or has been moved from its site of origin by air, water or gravity as a product of erosion.

  • Sedimentation means a process for removal of solids before filtration by gravity or separation.

  • Aquifer means a geologic formation, group of formations, or part of a formation capable of yielding a significant amount of groundwater to wells or springs.

  • Groundwater means all water, which is below the surface of the ground in the saturation zone and in direct contact with the ground or subsoil.

  • Waste oil means used or spent oil or solvents or other volatile hydrocarbons, including but not limited to crankcase oil.