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

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To: jim_p who wrote (24588)7/17/2003 3:37:04 PM
From: Raymond Duray  Read Replies (3) of 206215
 
jim,

Re: the energy equivalent ratio of oil to NG is about 8 to 1.

Here's what I've come up with:

geology.cr.usgs.gov

Barrels of oil equivalent (BOE).-Gas volume that is expressed in terms of its energy equivalent in barrels of oil. For this assessment, 6,000 cubic feet of gas equals 1 barrel of oil equivalent (BOE).

This seems to go along with $5/MCF NG = $30/bbl crude.

********
I'm curious as to other resources on the 8:1 ratio.

TIA for any replies. :)
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