Investopedia

Continue to Site »

Steam-Oil Ratio

Filed Under » , ,
Dictionary Says

Definition of 'Steam-Oil Ratio'

The steam-oil ratio (SOR) is a metric used to quantify the efficiency of oil recovery processes based on types of steam injection. The steam-oil ratio measures the volume of steam used to produce one unit volume of oil. The lower the ratio, the higher the efficiency of the steam use. As technology improves, less steam is required to produce an equivalent barrel of oil.
Investopedia Says

Investopedia explains 'Steam-Oil Ratio'

The steam-oil ratio helps establish guidelines for efficiency in oil recovery and production. The ratio explains how well a certain steam process works compared with others. If a steam-value ratio for cyclic stimulation, for example, would produce values of 3-8; the steam-value ratio for steam-assisted gravity drainage (SAGD) on the other hand produces values in the 2-5 range. Therefore, steam-assisted gravity drainage is a more efficient process that would have lower related fuel costs for the steam generation.

Articles Of Interest

  1.

    Uncovering Oil And Gas Futures

    Find out how to stay on top of data reports that could cause volatility in oil and gas markets.

  2. Oil: A Big Investment With Big Tax Breaks

    Oil and gas investments can provide unmatched deduction potential for accredited investors.

  3. Understanding Oil Industry Terminology

    The drillers are just one aspect of the oil & gas industry, and by knowing some details of their role, you'll be better suited to make investment decisions.

  4. Oil And Gas Industry Primer

    Before jumping into this hot sector, learn how these companies make their money.

  5. Unearth Profits In Oil Exploration And Production

    Drill down into financial statements to tap into the right companies and let returns flow.

  6. How Does Crude Oil Affect Gas Prices?

    Find out how this commodity's fluctuating price affects more than just how much you pay at the pump.

  7. What Type Of Trader Are You?

    There are different ways stock traders attempt to profit from market movements. Which of the strategies do you use?

  8. Mergers And Acquisitions: Understanding Takeovers

    In the dramatic world of M&As, battleground terms meld with bizarre metaphors to form the language of the game.

  9. Interpreting A Company's IPO Prospectus Report

    Learn to decipher the secret language of the IPO prospectus report - it can tell you a lot about a company's future.

  10. After A Big Recovery Rally, It's Up To Renew Blue For Best Buy

    Investors have bought Best Buy's story, but this quarter shows that a lot of work remains to be done
comments powered by Disqus
Marketplace
Hot Definitions

  1. Validation Period

    The amount of time necessary for the premium on an insurance policy to cover the commissions, the cost of investigation, medical exams and other expenses associated with the issuance of the policy.

  2. Winner's Curse

    Because of incomplete information, emotions or any other number of factors regarding the item being auctioned, bidders can have a difficult time determining the item's intrinsic value. As a result, the largest overestimation of an item's value ends up winning the auction.

  3. Glocalization

    A combination of the words "globalization" and "localization" used to describe a product or service that is developed and distributed globally, but is also fashioned to accommodate the user or consumer in a local market.

  4. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.

  5. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  6. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.
Trading Center