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Re: time4achange53 post# 640

Friday, 09/01/2006 10:56:27 AM

Friday, September 01, 2006 10:56:27 AM

Post# of 45606
"BOE" - "Barrel of Oil Equivalent" - is a standard industry term that creates a "common denominator" for both oil and gas production, so companies that produce both can present a single number representing their production.

Oil is straightforward, a barrel is a barrel. For natural gas, 6000 cubic feet of natural gas is deemed "equivalent" to a barrel of oil.



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