OTCPK:PDPYF - Post by User
Comment by
curlyloubison Oct 12, 2016 11:57am
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Post# 25335280
RE:RE:Nat gas prices up nicely
RE:RE:Nat gas prices up nicely
Its a secret. Let see if rhand comment on this formula....... Convert assets to BOE:::In terms of volume, oil is represented per barrel, and natural gas is represented per thousand cubic feet (mcf). There are 42 gallons (approximately 159 liters) in one barrel of oil. The energy contained in a barrel of oil is approximately 5.8 million British thermal units (MBtus) or 1,700 kilowatt-hours (kWh) of energy. This is an approximate measure, because different grades of oil have slightly different energy equivalents. One mcf of natural gas contains approximately one-sixth of the energy of a barrel of oil; therefore, 6,000 cubic feet of natural gas (6 mcf) have the energy equivalent of one barrel of oil. For large quantities of energy, BOE can be represented at kilo barrels of oil equivalent (kBOE), which is 1,000 BOE.