oil - gas conversion
One barrel of crude oil equals 5,614 cubic feet of natural gas.
I guess I am trying to figure out what this information would be used for in the industry and what does it tell us?
Sorry if the question is stupid.
Mike
Views: 47
Replies to This Discussion
-
Permalink Reply by Les Bamburg on -
Mike, there are various conversion factors. All these conversion factors are attempting to equate natural gas and crude oil on an energy basis. The industry sometimes reports production or reserves on a BOE (barrels of oil equivalent) or MMcfe (million cubic feet natural gas equivalent) basis and requires such a conversion.
By the way, there are no stupid questions.
Support GoHaynesvilleShale.com
Top Content
Blog Posts
Tuscaloosa Trend Sits On Top Of Poorest Neighbourhood For Decades - Yet No Royalties Ever Paid To The Community -- Why??
In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of) nor local residents appear to have received any compensation for the minerals extracted from their land.
This area has suffered immense environmental degradation…
ContinuePosted by Char on May 29, 2025 at 14:42
Not a member? Get our email.
Groups
-
Bienville Parish, LA
246 members
-
North Caddo Parish
359 members
-
Cass County, TX
121 members
-
Nacogdoches County
193 members
-
Claiborne Parish
146 members
-
Natchitoches Parish
400 members
-
Rapides Parish
101 members
-
Fayetteville Shale
150 members
-
Harrison County
166 members
-
Franklin County, Texas
9 members
© 2025 Created by Keith Mauck (Site Publisher).
Powered by
