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unitization
(redirected from unitize)

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unitization

A system for controlling proliferation of oil and gas wells.Originally,property owners with oil or gas under their land would each dig one or more wells on their property and try to capture as much as they could of the underlying pool, which drained from many properties. One response was the passage of unitization laws by state governments,establishing spacing restrictions on wells and a sharing of profits and expenses among all the owners of the underground pool.
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For firms who manage funds, the latest version of Thomson Reuters Portia creates efficiencies by automating all aspects of the fund accounting process -- the calculation of a true net asset value, the ability to unitize portfolios, improved closed accounting controls, enhanced income and expense accrual processes, capital stock transaction management and the ability to track subscriptions and redemptions more easily.
Reuters rolls out fund accounting solution by TradeArabia (Manama, Bahrain)
Orion's new rotary tower stretch wrappers are ideal for customers that need to unitize tall, heavy, fragile, or unstable loads.
Orion Introduces New Rotary Flex Model Stretch Wrappers by Business Wire
Manti, seeking to unitize the production in the Biloxi Marsh Well No.
Biloxi Marsh Lands Corporation Announces Results of Biloxi Marsh Well ... by Business Wire
 
 
 
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