Petroleum Acronyms

OIL & GAS GLOSSARY

Commercial & Finance

ISP

Definition

Indifferent Sales Price

ISP means Indifferent sales price. term used for sale of assets

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WIPSP

Wireline Perforating System Program

UPB

Upper Packer Bore

PIIP

Petroleum Initially in Place

IDR

Incentive Distribution Right

SPEL

Spontaneous Potential Electric Log