RE:RE:$$$ ;Or like I said. Using boe/d as a financial analysis tool is not just useless. It's very misleading. But it won't change until the sec and the osc ban the use of the term without a clear explanation of how useless it is.
lastpick wrote: Bogeyman1 wrote: Does anybody know based on $31.00 natural gas how much per barrel of oil equivalent it would be. If I knew how much per barrel equivalent would be I could figure out just how much we're going to be making at the end of our 17 well program. Math wasn't my strong suit so please , bare with me. Thanks
Yes 1 BOE = 6000 Cubic ft of Natural gas, so for gas at $31 multiply by 6 to get $186/ BOE.
See Investopedia:
https://www.investopedia.com/terms/b/barrelofoilequivalent.asp