Oilfield Glossary
Oilfield Glossary
Language:
Search by Discipline
Terms beginning with:
# A B C D E F
G H I J K L M
N O P Q R S T
U V W X Y Z
Tools

due diligence

1. n. [Oil and Gas Business]

The process of examining a seller’s property and records before a prospective buyer commits to its purchase. In the oil and gas business, due diligence may entail scrutiny of financial records, geological maps, well logs, surveyor notes, geophysical records, well tests, production statistics, legal records and other data pertaining to a well or lease.