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TeachMeFinance.com - explain Wellhead Wellhead The term 'Wellhead' as it applies to the area of energy can be defined as ' The point at which the crude (and/ornatural gas) exits the ground. Following historical precedent, the volume and price for crude oil production are labeled as 'wellhead, 'even though the cost and volume are now generally measured at the lease boundry. In the context of domestic crude price data, the term 'wellhead' is the generic term used to reference the production site or lease property'. Previous 5 Terms: well (water) Well field Well graded well mixed estuary Well water for cooling Next 5 Terms: Wellhead price Wellhead protection area Well-logging Wellpoint WEQ About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.