Christmas tree (oil and gas)

AAA

DEFINITION of 'Christmas tree (oil and gas)'

A vertical assembly of mechanical elements used in oil exploration and production in surface and underwater oil and gas wells, primarily for flow control. Its name is derived from its shape, which roughly resembles a Christmas tree.

INVESTOPEDIA EXPLAINS 'Christmas tree (oil and gas)'

The valves that comprise some of the "decorations" on the Christmas tree are opened when the oil or gas well is ready to produce, and the processing and storage facilities are ready to receive. Other "decorations" are devices that facilitate pressure relief, monitoring and chemical injection. In offshore drilling and extraction, the Christmas tree would onboard the topside. On land, it would be at the wellhead.

RELATED TERMS
  1. Oil ETF

    A category of exchange-traded funds that invest in companies ...
  2. 1979 energy crisis

    The 1979 energy crisis in the U.S. was an event of widespread ...
  3. Benchmark Crude Oil

    Benchmark crude oil is crude oil that serves as a pricing reference, ...
  4. Groundwater

    Water that is found underground rather than on the surface.
  5. Non-Hydraulic Fracturing

    Fracturing rock at depth without the use of fluid pressure. Non-hydraulic ...
  6. LPG Fracturing

    Fracturing rock at depth through the use of liquefied propane. ...
Related Articles
  1. Chart Advisor

    Is Oil Poised To Move Higher?

    The spot price of crude oil, the primary tracking ETN and a key refiner are all trading near key support levels. Is a bounce in the cards?
  2. Chart Advisor

    Cocoa Prices Setting Up For A Move Lower

    Cocoa prices have been trending lower over the past several months and the recent bearish crossover between the 50-day and 200-day moving averages suggest that the long-term downtrend is gaining ...
  3. Stock Analysis

    Breaking Down the Halliburton Baker Hughes Deal

    Halliburton is using a downturn to get bigger and stronger in the long term, and the company is getting Baker Hughes at a reasonable price as a result.
  4. Economics

    How Weak Oil Prices Affect Airline Profits

    Oil prices are a bit like the weather. This is an opportunity for airlines to invest the higher revenue back into the business.
  5. VelocityShares 3x Long Crude Oil ETN has the potential for huge returns, but there are several reasons why you might want to steer clear for now.
    Mutual Funds & ETFs

    A Leveraged Oil ETN For The Future (Just Not Now)

    VelocityShares 3x Long Crude Oil ETN has the potential for huge returns, but there are several reasons why you might want to steer clear for now.
  6. Chart Advisor

    Commodities Set Up For A Continued Move Lower

    Commodities have been suffering since late summer, and unfortunately for the bulls it doesn’t appear that the situation is about to change anytime soon.
  7. Stock Analysis

    ConocoPhillips's Well-Oiled Profit Machine

    By focusing on upstream production and farming out subsequent links in the chain, ConocoPhillips maximizes profits in a very capital-intensive industry.
  8. Chart Advisor

    OPEC's Decision Sends Oil Stocks Lower

    OPEC’s decision to keep oil production on cruise control has led to declining prices. Here's a look at 3 oil stocks that have followed suit.
  9. A commodity is a basic good used in commerce.
    Markets

    What are Commodities?

    A commodity is a basic good used in commerce that is interchangeable with other commodities of the same type. Commonly traded commodities include gold, beef, oil, lumber and natural gas. Additional ...
  10. Chart Advisor

    Traders Fight To Push Corn Prices Higher

    With corn down some 60% since its 2012 high, a recent bounce higher was welcome. But several key resistance levels are suggesting a continued downtrend.

You May Also Like

Hot Definitions
  1. Santa Claus Rally

    A surge in the price of stocks that often occurs in the week between Christmas and New Year's Day. There are numerous explanations ...
  2. Commodity

    1. A basic good used in commerce that is interchangeable with other commodities of the same type. Commodities are most often ...
  3. Deferred Revenue

    Advance payments or unearned revenue, recorded on the recipient's balance sheet as a liability, until the services have been ...
  4. Multinational Corporation - MNC

    A corporation that has its facilities and other assets in at least one country other than its home country. Such companies ...
  5. SWOT Analysis

    A tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically, SWOT is a basic, ...
  6. Simple Interest

    A quick method of calculating the interest charge on a loan. Simple interest is determined by multiplying the interest rate ...
Trading Center