Exploration Definition & Meaning | Energy Term | CSIMarket
CSI Market
Sign In | Register

Glossary

Exploration

Energy Term

Exploration is the process of searching, discovering and analyzing the natural resources and potential reserves in the earth*s crust. It typically refers to the discovery of mineral resources like oil, gas, coal, and precious metals.

In the energy industry, exploration refers to the search for oil and gas reserves, which are the primary source of fuel for power generation. Exploration activities involve the use of sophisticated technology and equipment like geophysical surveys, seismic analysis, geological modeling, and drilling.

The primary objective of energy exploration is to locate and identify potential hydrocarbon deposits that are cost-effective to extract while minimizing the environmental impact. Various government and private organizations spend significant amounts of time and resources on oil and gas exploration to ensure future energy sufficiency.

Once energy reserves are identified, the exploration process moves onto the next stages: production and transportation. Energy exploration not only helps in meeting the growing energy demands of the world, but it also provides opportunities for employment and generates significant revenues for the oil and gas industry and the governments that regulate them.




More Glossary Terms Beginning with E
  • E-Commerce
    The sale of goods and services where the buyer places an order, or the price and terms of the sale are negotiated over an Electronic Data Interchange, the Internet, or any other online system (extranet, e-mail, instant messaging). Payment may or may not be made online.
    Economy Term Letter: E
  • Earned Premiums or Premiums Earned
    That portion of property casualty premiums written that applies to the expired portion of the policy term. Earned premiums are recognized as revenues under both Statutory Accounting Practices (SAP) and GAAP.
    Insurance Term Letter: E
  • Earnings per Share basic
    The companys earnings divided by the average number of shares outstanding for the period. Statement of Income
    Financial Term Letter: E
  • Earnings per Share diluted
    The companys earnings divided by the average number of shares outstanding for the period, giving effect to assumed dilution from outstanding stock options and restricted stock units. Earnings per Share
    Financial Term Letter: E
  • Earnings per Share EPS Growth Rates
    The percentage of EPS change within a specific period (Y/Y year on year; Seq sequential, from proceeding period; TTM trailing twelve months).
    Fundamental Analysis Letter: E
  • Effective Tax Rate
    Provision for income taxes as a percentage of earnings from continuing operations before income taxes and accounting changes. Does not represent cash paid for income taxes in the current accounting period. Also referred to as "actual tax rate" or "tax rate."
    Financial Term Letter: E
  • EITF
    Emerging Issues Task Force
    Financial Term Letter: E
  • Electro Optic Materials
    Electro-optic materials are materials that are engineered at the molecular level. Molecular level engineering is commonly referred to as "nanotechnology."
    Manufacturing Term Letter: E
  • Electrolysis
    A process of separating bonded elements and compounds by passing an electric current through them.
    Manufacturing Term Letter: E
  • Electrolytic Plant
    A plant that processes purifying metal ingots that are suspended as anodes in an electrolytic bath, alternated with refined sheets of the same metal which act as starters or cathodes.
    Manufacturing Term Letter: E
  • Eligible Bank
    A bank selected by Seller and approved by Buyer in writing and authorized to conduct trust and other banking business in any state in which Seller conducts operations.
    Financial Term Letter: E
  • Eligible Swap Counterparty
    means an entity, which may be an affiliate of a remarketing agent, engaged in the business of entering into derivative instrument contracts that satisfies the Rating Agency Condition.
    Financial Term Letter: E