What Does Barrels Of Oil Equivalent Per Day - BOE/D Mean?
A term that is used often in conjunction with the production or distribution of oil. One barrel of oil is generally deemed to have the same amount of energy content as 6,000 cubic feet of natural gas. Investopedia explains Barrels Of Oil Equivalent Per Day - BOE/D
Large oil producers are evaluated and refer to their production by the number of cubic feet of natural gas, and/or by the barrels of oil equivalent, they produce per day. This is an industry standard, and a way that investors can compare the production and/or the reserves of two oil/gas companies.
i copied and pasted this definition of boe...another one i found gave the number 5847,,,,,so 6000cubic feet to one barrel is a rounded figure..
I checked your math because the numbers seem too juicy....... but they are accurate in the conversion.....BUT.
.....BUT......I think this relates to energy content strictly.....the price of gas and / or its equivelant to a barrel of oil I'm sure is not the same in the open market...maybe its more or less, we should check....
then there is the cost of this production.............is it cheaper to produce, store and ship gas or is it cheaper for oil? i keep hearing about liqiufied natural gas...is this an expensive treatment for transport?....either way...I see fecof as a billion dollar company in 3 years if All goes right..the rest is gravy. Unless they finally come out with cold fusion and insanely cheap energy in 5 years.we should all be vacationing on the palawan islands in 3 years racing our <rented>yachts...
i wonder if the 440 million barrels of oil mentioned on some chinese research study was oil itself or referring to the conversion/equivalent of gas recoverable<the 3.5tcf of gas itself>. If its extra then i'll be shouting for a 5 dollar stock minimum.
I am still not positive if this research was that entire region or specifically FEP's asset. Furthermore.I hope this new research will be specific when they release the new numbers about what is specifically estimated in FEP'S asset holding .strictly service contract 101 and not just the area.
glta
