Definitions for "Balance Point"
The point where a shaft's weight is evenly distributed in both directions when rested on a single point.
The point on a cue stick at which the weight is evenly distributed.
The cooling balance point is the temperature at which the building starts cooling. The heating balance point is the temperature at which the building starts heating. This is a crude but effective definition. CDDs and HDDs are calculated using the balance point. The Cooling Balance Point need not necessarily be the same as the Heating Balance Point.
Footage of coiled tubing in the hole where the buoyed weight of the tubing is equal to the well pressure acting against the cross-sectional area. Note, this is a static condition with the pipe full of fluid and does not include frictional forces of the stripper assembly and/or pipe rams, if engaged.