A major or regional oil company owns the building/facility and business. The company pays a salary to the managers/proprietors and usually produces and supplies petroleum products to the location. Also known as company-operated and direct operating retail.
A transaction that involves the sale of equipment to a leasing company and a subsequent lease of the same equipment back to the original owner, who continues to use the equipment.
The expected or realized value from selling a piece of equipment after a reasonable allowance for the exhaustion, tear and wear, and obsolescence of a depreciable asset.
the zone in which all the voids in the rock or soil are filled with water at greater than atmospheric pressure. The water table is the top of the saturated zone in an unconfined aquifer.
streamlines the making of small business loans. The maximum loan-$150,000. Calls for a response from the SBA within 36 hours of receiving a complete application. Guaranty percent follows 7(a) policy.
Makes it easier and faster for lenders to provide small business loans of $150,000 or less; allows lenders to use their own forms and processes to approve loans guaranteed by the U.S. Small Business Administration; provides a rapid response from the SBA
Entities who purchase an interest in a loan from an original lender, such as banks, institutional investors, insurance companies, credit unions and pension funds.
The process of selling lease receivables to a separate legal entity that issues stocks and bonds to investors. The investors' proceeds flow through to the company that sold the receivables and the investors receive their returns from collecting lessee receivables.
a groundwater monitoring well situated between a sensitive receptor downgradient and the source of a contaminant plume upgradient. Contamination should be first detected in the sentinel well which serves as a warning that contamination may be moving closer to the receptor. The sentinel well should be located far enough upgradient of the receptor to allow enough time before the contamination arrives at the receptor to initiate other measures to prevent contamination from reaching the receptor, or in the case of a supply well, provide for an alternative water source.
a special fitting used to seal vials (a liner for a threaded cap) or gas chromatographs (GCs) to provide closure. Septas can be manufactured in single, double, or triple layers of silicone rubber and other plastic materials. A syringe with a measured quantity of contaminant can be injected through a septa closure and into a GC column for separation analysis.
the inhibition or stoppage of normal ion behavior by combination with added materials, especially the prevention of metallic ion precipitation from solution by formation of a coordination complex with a phosphate.
a one-dimensional model for estimating pollutant distribution in an unsaturated soil column. SESOIL results are commonly used to estimate the source term for groundwater transport modeling of the saturated zone.
the entry of ambient air into an extraction well (used for SVE and bioventing) without first passing through the contaminated zone. Short circuiting may occur through utility trenches, incoherent well or surface seals, or layers of high permeability geologic materials.
Licensed by the Small Business Administration, SBICs are privately owned and managed investment firms. They are participants in a vital partnership between government and the private sector economy. With their own capital and with funds borrowed at favorable rates through the Federal Government, SBICs provide venture capital to small independent businesses, both new and already established.
gas-tight canisters typically filled with activated carbon (charcoal) for collection and transport of vapor samples. In the laboratory the vapors are desorbed and analyzed to identify the organic compounds and quantify their concentration.
glass tubes filled with a sorbent material that reacts chemically with specific organic compounds. Based on the nature of the sorbent and the extent of the chemical reaction, organic compounds can be identified and their concentration quantified.
injection of air below the water table to strip dissolved volatile organic compounds and/or oxygenate the groundwater to facilitate aerobic biodegradation of organic compounds.
the dimensionless ratio of the density of a substance with respect to the density of water. The specific gravity of water is equal to 1.0 by definition. Most petroleum products have a specific gravity less than 1.0, generally between 0.6 and 0.9. As such, they will float on water--these are also referred to as LNAPLs, or light non-aqueous phase liquids. Substances with a specific gravity greater than 1.0 will sink through water--these are referred to as DNAPLs, or dense non-aqueous phase liquids.
A clause in the master lease that incorporates required lessee payments in the event of a default or casualty (loss or irreparable damage of the equipment) during the lease term.
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