GREY:RGVNF - Post by User
Post by
myNEXTmillionon Dec 01, 2010 6:25pm
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Post# 17786428
BOE's
BOE'sis a measurement of the heating value of energy, or something like that.
Natural gas has a BOE equivalent (barrels of oil equivalent) of 5800 cubic feet per barrel of oil. At 250,000 cubic feet per day of natural gas production, it is the equivalent of 43.10 barrels of oil. It's no wonder the 'bigger' number was used...looks more impressive.
It is common practice to use BOE's in the news releases. Why isn't REV doing it? It's okay, it's a rhetorical question.