Barrel of Oil Equivalent (BOE):

the oil equivalence of natural gas is normally based on the amount of heat released when the gas is burned as compared with burning a barrel of oil. For a typical natural gas, burning 6,000 standard cubic feet liberates about the same amount of heat as burning one barrel of an average crude.

From: Agustinus, Donny

1. Barrel (bbl): 42 gallons; 5.62 cubic feet; or 0.159 cubic meters.

2. Barrel of Oil Equivalent (BOE): the oil equivalence of natural gas is normally based on the amount of heat released when the gas is burned as compared with burning a barrel of oil. For a typical natural gas, burning 6,000 standard cubic feet liberates about the same amount of heat as burning one barrel of an average crude.

3. Barrels per day (b/d, bpd, or bbl/d): a unit of measurement used in the industry for the production rates of oil fields, pipelines, and transportation.

4. Base gas: gas required in a storage pool to maintain sufficient pressure to keep the working gas recoverable.

5. Bcf: acronym for ‘billion cubic feet’. Bcfs are used to measure the volume of large quantities of natural gas

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