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Oil & Gas Industry Glossary of Selected Terms
www.dwasolutions.com1 pound weight of water by 1 degree Fahrenheit. There are 100,000 btu of gas in one therm. It is an imperial unit commonly used to measure energy content of gas and by which gas is priced. Broker: an agent employed to buy or sell goods or to negotiate for a principal. A broker in the oil industry is a person who executes the buy and sell orders ...