Random Note on Oil Patch Jargon: "Runs" vs Production

Production: amount of oil that the well actually produced.
Runs: the amount of oil that was sold. 

Original Post

Elsewhere I saw this comment:

Do you have the file numbers for the wells that are actually pumping? I looked at these wells (21143,21139,21135,21681,21885,and 21734) and none of them have any runs. 

I could be wrong but it is my understanding that "production" and "runs" are two separate things.

I could be wrong but a company could be putting oil into tanks that are sited on the pad, and not put the oil into pipelines or trucks. "Runs," I believe, refer to the actual oil that is put into the "system, " sold and bought. The difference is important. "Owners" share in profits of the oil that is sold. If the oil is produced (brought to the surface) but not sold (placed in tanks on site, for example), then there is no monetary value derived from those wells. No "runs" would be recorded. But there would still be production, under this scenario.

Again, just my two cents worth.

If a company wishes to keep as much about a well confidential as possible, they would lose a significant amount of confidentiality if they reported "runs" to the NDIC for all to see.