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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Claude Cormier who wrote (19604)	3/4/2003 9:35:00 AM
From: Gofer	Read Replies (1) of 206272

Hi Claude, from oilpatchupdates.com Boe - barrel(s) of oil equivalent. Natural gas is converted to barrels at a ratio of 6:1 or 6,000 cubic feet (6 mcf) to 1 barrel of oil - the approximate energy content of the two units. Comment The conversion allows for easier comparison among producers with a mix of products. Some producers with predominantly natural gas production, convert their oil and liquids production to mcfe (thousands of cubic feet equivalent) using the same 1 barrel = 6 mcfe ratio. Until recently, most Canadian producers used a 10:1 conversion ratio, which was more in line with the relative pricing of the two commodities. Some still use this ratio or both in their reporting. In Oil-Stats and in the Profile Page financials we have converted all historical and current data to the 6:1 ratio to facilitate easier comparisons. Boe/d - barrels of oil equivalent per day; a common measure to compare companies' production.

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