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Topic: Barrel of oil equivalent


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  Ton of oil equivalent - Wikipedia, the free encyclopedia
The ton of oil equivalent (toe) is a unit for measuring energy.
Since crude oil of different provenance will have a different chemical make-up and therefore give off varying amounts of heat when burnt, the value is conventional to a certain extent.
The toe is commonly used for large amounts of energy, since it may be easier to understand in a practical context than the proper SI unit for energy, the joule.
en.wikipedia.org /wiki/Ton_of_oil_equivalent   (219 words)

  
 Encyclopedia :: encyclopedia : Petroleum   (Site not responding. Last check: 2007-10-31)
A widely believed myth is that the oil itself is flammable, however it is actually the gas that evaporates from the oil that is flammable.
The oil is landed at Sullom Voe terminal in the Shetlands.
The price of a barrel of oil is highly dependent on both its grade (which is determined by factors such as its specific gravity or API and its sulphur content) and location.
www.hallencyclopedia.com /Petroleum   (4197 words)

  
 Barrel of oil equivalent - Wikipedia, the free encyclopedia
The barrel of oil equivalent (bboe, sometimes BOE) is a unit of energy approximately equal to 5.8 × 10
J or about 1.7 MWh, based on the approximate energy released by burning one barrel of crude oil.
A commonly used multiple of the bboe is the kilo barrel of oil equiavalent (kbboe or kBOE), which is 1,000 times larger.
en.wikipedia.org /wiki/Barrel_of_oil_equivalent   (108 words)

  
 Oil & Gas Sector Glosssary
In Canada, 10 mcf of natural gas is equivalent to one barrel of oil.
The number of barrels of oil produced from a well over a 24 hour period, normally an average figure from a longer period of time.
The quantity of oil and gas estimated to be recoverable from known fields under existing economic and operating conditions.
www.theresourceinvestor.com /RI-archive/gloss-oil.html   (2747 words)

  
 DMR - Mineral Resources - Gas & Oil - Glossary
Barrels of oil equivalent (BOE) -Gas volume that is expressed in terms of its energy equivalent in barrels of oil.
Oil -Crude petroleum oil and other hydrocarbons regardless of gravity which are produced at the wellhead in liquid form and the liquid hydrocarbons known as distillate or condensate recovered or extracted from gas
Play attributes -Geologic characteristics that describe principal properties of and necessary conditions for the occurrence of oil and (or) gas accumulations of the minimum size (1 MMBO [million barrels of oil] or 6 BCFG [billion cubic feet of gas]) within the defined parameters of a play.
www.mme.state.va.us /DMR/DOCS/MinRes/OIL/glos.html   (1063 words)

  
 Noble Affiliates, Inc. Reports First Quarter 2002 Results
The first one is for 5,000 barrels of oil per day and covers the period May to June 2002 with a floor price of $24.00 per barrel and a ceiling price of $29.40 per barrel.
The second one is for 5,000 barrels of oil per day and covers the period July to September 2002, with a floor price of $23.00 per barrel and a ceiling price of $29.30 per barrel.
The third one is also for 5,000 barrels of oil per day and covers the July to September 2002 period, with a floor price of $24.00 per barrel and a ceiling price of $30.00 per barrel.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=105&STORY=/www/story/04-22-2002/0001711732   (1539 words)

  
 Zargon Oil & Gas Ltd. Reports Outstanding First Quarter 2000
Oil production in first quarter 2000 averaged 1,750 barrels of oil per day, a gain of two percent from 1,719 barrels of oil per day in first quarter 1999 and a four percent gain over the fourth quarter 1999 rate of 1,685 barrels of oil per day.
On an equivalent unit basis, Zargon's cash flow netback averaged $15.92 per barrel of oil equivalent, or 126 percent higher than last year's first quarter netback of $7.02 per barrel of oil equivalent.
On an equivalent unit basis, earnings were $6.47 per barrel of oil equivalent, or 41 percent of cash flow.
www2.cdn-news.com /newsnet/enews/2000/05/12/41724.html   (1148 words)

  
 Peak Oil News & Message Boards Forums >> Post 98423 >>
If the two barrels of oil equivalent energy come from a cheap natural gas source and the one barrel of oil equivalent output energy is expensive jet fuel, then this seems like something that one might do for good reason.
That is, it's Energy derived from a particular source (barrel of oil, solar panel, windmill, nuclear plant) divided by energy used to obtain or manufacture that source.
One of the problems of peak oil is that the EROEI for oil is falling, it used to be over 100, 1 unit of energy invested produced 100 units of energy, allowing the net 99 units to be used for doing work.
www.peakoil.com /post98423.html   (2876 words)

  
 Alexander's Gas & Oil Connections - Karachaganak group says increase in development costs offset by reservoir ...
BG said that the change in schedule "has been caused by a combination of the increases in scope and by significant delays in key approvals for the field development plan, and for access arrangements to the CPC pipeline." Delays have been attributed to a lack of infrastructure and skilled personnel.
This, it says, compares to an industry average of around $ 8.00 per barrel of oil equivalent and BG's slated 2003 target of $ 5.60 per barrel of oil equivalent for its whole portfolio.
Karachaganak's recoverable reserves are put at 2.4 bn barrels of oil and condensate and 16 tcf of natural gas.
www.gasandoil.com /goc/company/cnc03373.htm   (782 words)

  
 Internal Revenue Bulletin - May 3, 2004 - Notice 2004-33
The calendar year 2003 inflation-adjusted credit applies to the sales of barrel-of-oil equivalent of qualified fuels sold by a taxpayer to an unrelated person during the 2003 calendar year, the domestic production of which is attributable to the taxpayer.
Section 29(a) provides for a credit for producing fuel from a nonconventional source, measured in barrel-of-oil equivalent of qualified fuels, the production of which is attributable to the taxpayer and sold by the taxpayer to an unrelated person during the tax year.
Section 29(c)(1) defines the term “qualified fuels” to include oil produced from shale and tar sands; gas produced from geopressurized brine, Devonian shale, coal seams, or a tight formation, or biomass; and liquid, gaseous, or solid synthetic fuels produced from coal (including lignite), including such fuels when used as feedstocks.
www.irs.gov /irb/2004-18_IRB/ar10.html   (678 words)

  
 MMS-GOMR, Educational Resources: Glossary of Terms   (Site not responding. Last check: 2007-10-31)
The conversion is based on the assumption that one barrel of oil produces the same amount of energy when burned as 5,620 cubic feet of natural gas.
It is equivalent to the yearly rental, typically $3 per acre or $8 per hectare.
A lease that is producing oil, gas, or sulphur in quantities sufficient to generate royalties.
www.gomr.mms.gov /homepg/lagniapp/glossary.html   (2498 words)

  
 Analysis of Five Selected Tax Provisions of the Conference Energy Bill of 2003 - Extension and Modification of Section ...
The amount of tax credit allowed for coke producers (at $3 per barrel oil equivalent and subject to the daily limit) would be $2,172,000 per year (2002 dollars) for 2004 through 2009.
The small landfills get $3 per barrel oil equivalent (in 2002 dollars) while the large landfills get a reduced credit, $2 per barrel oil equivalent, for the first 4 years of their operation.
Since a barrel of oil contains about 5.8 million Btu, these credits are worth approximately $0.52 (2002 dollars) per million Btu of gas for the small landfills and $0.34 (2002 dollars) per million Btu of gas for large landfills.
www.eia.doe.gov /oiaf/servicerpt/ceb/fuel.html   (2345 words)

  
 Global Warming Policy:  Some Economic Implications
At this level, the marginal cost is more than $16 per barrel of oil equivalent, substantially more than the mean estimate of marginal benefits of $2.86 per barrel of oil equivalent or the likely upper-bound estimate of $6.61.
The marginal benefit of emission reduction would remain $2.86 per barrel of oil equivalent, but the marginal cost of compliance would rise to $20 to $25, depending on whether the United States is able to use offsets or credits.
To give an idea of the impact of a reduction of that magnitude, 26 percent of the total consumption of all fossil and non-fossil energy in the United States in 1996 was for transportation, 36 percent for residential and commercial use and 38 percent for industial and miscellaneous use.
www.ncpa.org /~ncpa/studies/s224/s224b.html   (1732 words)

  
 Burmis Energy Reports Continued Growth in the Third Quarter of 2005, Announces Capital Budget of $35 Million for 2006 : ...   (Site not responding. Last check: 2007-10-31)
Cash netbacks represent the net amount retained per barrel of oil equivalent after all cash costs, and is calculated as funds flow from operations on a barrel of oil equivalent basis.
Average production increased 81 percent to 1,839 barrels of oil equivalent per day in the third quarter of 2005 compared to 1,017 barrels of oil equivalent per day in the third quarter of 2004, and was four percent higher than the second quarter of 2005.
The increase in expense per barrel of oil equivalent is due to the commencement of production of sour crude oil from the Company's two wells in the Pembina Easyford Nisku GG oil pool, as well as new production from a sour Nisku gas well in the Brazeau area.
press.arrivenet.com /business/article.php/718035.html   (6491 words)

  
 Oil price increases of 2004 and 2005 - Voyager, the free encyclopedia   (Site not responding. Last check: 2007-10-31)
Despite this there is increasing discussion of peak oil and the possibility that the future may see a reduced supply of oil.
Even if oil supplies themselves are not reduced, some experts feel the easily accessible sources of light sweet crude are almost exhausted and in the future the world will depend on more expensive sources of oil.
In the United States, for instance, each $1000 dollars in GDP required 2.4 barrels of oil in 1973 when adjusted for inflation this number had fallen to 1.15 by 2001.
www.voyager.in /Oil_price_increases_of_2004_and_2005   (2535 words)

  
 VAALCO Energy, Inc. :: VAALCO Energy Announces Strong 2005 Results   (Site not responding. Last check: 2007-10-31)
The increase in income was due to higher crude oil sales as VAALCO sold approximately 1,638,000 barrels of oil equivalent in the year ended December 31, 2005 compared to 1,473,000 barrels of oil equivalent in the year ended December 31, 2004.
Crude oil prices were also higher averaging $52.02 per barrel of oil equivalent in 2005 as compared to $38.36 in 2004.
The Company sold 327,000 net barrels at an average price of $57.88 per barrel during the fourth quarter of 2005 or approximately 95,000 fewer barrels when compared to 422,000 barrels sold in the fourth quarter of 2004 at an average price of $43.84 per barrel.
sev.prnewswire.com /oil-energy/20060308/DAW02908032006-1.html   (992 words)

  
 SilverStars Energy
Barrel: A unit of measure for oil and petroleum products that is equivalent to 40 U.S. gallons.
Barrel of Oil Equivalent (BOE): The volume of natural gas that when burned produces the same amount of heat as a barrel of oil (typical conversion 6,000 ft3of gas equals one barrel of oil), typically: 6:1.
Exploratory Well: A hole drilled to find and produce oil or gas in an area previously considered unproductive, to find a new reservoir in a known field or to extend the limit of a known oil or gas reservoir.
www.silverstarenergy.com /corporateInfo/glossaryOfTerms.php   (972 words)

  
 globeandmail.com : globeinvestor.com : Burmis Energy Reports Continued Growth In 2005
A boe conversion ratio of six mcf to one barrel of oil is based on an energy equivalency conversion method which is primarily applicable at the burner tip and does not necessarily represent a value equivalency.
Operating costs per barrel of oil equivalent are expected to decrease in 2006 as a result of the start-up of the Blue Rapids gas plant, which will process the Company's Pembina area natural gas and natural gas liquid volumes.
Crude oil volumes were negatively impacted by the shut-in of one oil well at Easyford for part of November and all of December awaiting installation of a submersible pump.
www.globeinvestor.com /servlet/WireFeedRedirect?cf=GlobeInvestor/config&vg=BigAdVariableGenerator&date=20051110&archive=ccnm&slug=1110024n   (7526 words)

  
 Sectoral Note-Oil and Gas
The most common measure of this success is exploration (finding) and development cost per barrel of oil equivalent of reserves added to the proved category.
Refining or the manufacturing of crude oil to salable products such as gasoline, has become a more complicated business in various parts of the world, particularly North America where improved environmental standards, coupled with declined supplies of readily light oil has resulted in the need for significant refining capital.
The key refining measures are flexibility (ability to process varying quality of crude oil), throughput and utilization, as well as the efficient operation of the plants.
www.worldbank.org /html/opr/pmi/oil00009.html   (524 words)

  
 Main Glossary Frame
Six Mcf of natural gas is approximately the energy equivalent of one barrel of oil.
Gas is converted to oil based on its relative energy content at the rate of six Mcf of gas to one barrel of oil.
Natural gas liquids are converted based upon volume where one barrel of natural gas liquids equals one barrel of oil.
www.stmaryland.com /ourcompany/FR-GlossaryMain.htm   (530 words)

  
 Oil and Gas Investor: Editor's Comment   (Site not responding. Last check: 2007-10-31)
The five-year average was $7.38 per barrel of oil equivalent (BOE), but the actual averages E&P companies reported ranged widely.
The low was $1.49 per BOE by Houston-based Ultra Petroleum, which has been growing gas reserves rapidly in the Pinedale Anticline in Wyoming, where its wells are averaging 7.4 billion cubic feet (Bcf) of gas.
At the other end of the scale, the five-year high for all-sources finding and development cost was $15.49 per BOE, recorded by Houston-based Spinnaker Exploration, which devotes itself to expensive offshore Gulf of Mexico wildcatting.
www.oilandgasinvestor.com /comment/1084382700.html   (314 words)

  
 Investor Calendar powered by Vcall   (Site not responding. Last check: 2007-10-31)
The crude oil reservoir is overlain by a large gas cap with potentially 1 trillion cubic feet of original gas in place.
The calculation of barrels of oil equivalent ("boe") is based on a conversion ratio of six thousand cubic feet ("mcf") of natural gas to one barrel ("bbl") of crude oil to estimate relative energy content.
Heavy crude oil differentials in 2005 continued to be higher than the long-term average primarily due to physical limitations for demand at refineries.
www.informedinvestors.com /IC/PressRelease.asp?ID=99726   (12449 words)

  
 Canetic Resources Trust - Glossary of Terms
BOE : Barrel of oil equivalent - a measure used for giving overall production figures that include both oil and natural gas.
Unless otherwise stated, six thousand cubic feet (6 mcf) of natural gas is equal to one barrel of oil equivalent.
Normally, netbacks are calculated on a per boe basis.
canetictrust.com /users/folder.asp?FolderID=5053   (1109 words)

  
 Invest-T&S-Laws
A barrel-of-oil equivalent is an amount of fuel which has the energy equivalent of 42 U.S. gallons of oil.
The energy equivalence is based on the Btu (British thermal unit) content of the fuels.
More specifically, shale oil is defined as the liquid oil from shale rock after the retorting (heating) process but before hydrogenation, refining, or any other process subsequent to retorting.
www.mosburgoil-gas.com /html/body_sughroue_11_96_2d.html   (1807 words)

  
 2003 News Releases   (Site not responding. Last check: 2007-10-31)
These reserves were added at a competitive cost of $4.61 per barrel of oil equivalent (boe) through acquisitions, discoveries, extensions, revisions and improved recovery.
Of the total 183 million boe of proved reserve additions, excluding sales and acquisitions, approximately 58 million were in the United States and 125 million were international.
Internationally, approximately 103 million boe of proved reserves were added through the Equatorial Guinea phase 2A and 2B expansion projects, which received government approval during 2002.
www.marathon.com /news_center/press_releases/2003_news_releases/?releaseid=386151   (518 words)

  
 Lifting Costs   (Site not responding. Last check: 2007-10-31)
Lifting costs (also called production costs) are the out-of-pocket costs per barrel of oil and natural gas (measured on a barrel-of-oil equivalent [boe] basis) produced to operate and maintain wells and related equipment and facilities after hydrocarbons have been found, acquired, and developed for production.
Direct lifting costs began increasing in 1999-2000, after declining during the 1990s, which is not surprising, given the high prices of oil and natural gas in recent years.
Producers are willing to spend more to produce oil and natural gas when their prices are higher.
www.eia.doe.gov /emeu/perfpro/ch3sec2.html   (570 words)

  
 List of energy topics - Facts, Information, and Encyclopedia Reference article   (Site not responding. Last check: 2007-10-31)
Peak Oil - Theory that world oil production will peak (or has peaked) and then rapidly decline, with a corresponding rapid increase in prices.
Foot-pound - (symbol ft·lbf or ft·lbf) is an Imperial and U.S. customary unit of mechanical work, or energy, although in scientific fields one commonly uses the equivalent metric unit of the joule (J).
It is approximately the heat equivalent of burning 100 cubic feet of natural gas.
www.startsurfing.com /encyclopedia/l/i/s/List_of_energy_topics.html   (878 words)

  
 Internal Revenue Bulletin - May 1, 2006 - Notice 2006-37
The calendar year 2005 inflation-adjusted credit applies to the sales of barrel-of-oil equivalent of qualified fuels sold by a taxpayer to an unrelated person during the 2005 calendar year, the domestic production of which is attributable to the taxpayer.
Because the calendar year 2005 reference price does not exceed $23.50 multiplied by the inflation adjustment factor, the phaseout of the credit provided for in § 29(b)(1) does not occur for any qualified fuel sold in calendar year 2005.
The nonconventional source fuel credit under § 29(a) is $6.79 per barrel-of-oil equivalent of qualified fuels ($3.00 x 2.2640).
www.irs.gov /irb/2006-18_IRB/ar06.html   (642 words)

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