0
A term used to summarize the amount of energy that is equivalent to the amount of energy found in a barrel of crude oil. There are 42 gallons (approximately 159 liters) in one barrel of oil, which will contain approximately 5.8 million British Thermal Units (MBtus) or 1,700 kilowatt hours (kWh).
Also known as crude oil equivalent (COE). This term is used frequently when exploration and production companies are reporting the amount of reserves they may have. By giving a BOE figure, analysts, investors and management can assess the total amount of energy the firm has access to, without breaking it down into barrel's of crude oil, or the cubic feet of natural gas.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What does the abbreviation NGL mean in the Oil and Gas industry?
Natural Gas Liguid
What is the meaning of throughput in oil and gas industry?
Throughput in Oil & gas industry
What does NHDT mean in the oil and gas industry of South Africa?
It´s not only for oil and gas industry of South Africa, NHDT means "Naphtha HyDroTreater (NHDT) which is a process in refineries. Please check with another sources to confirm.
What term is column in oil and gas industry?
The other term for column in oil and gas industry is tower or either vessel(vertical vessel)
Major industry in Alaska?
Oil an gas.
What is Alaska's leading industry?
Oil and gas.
What is the difference between eccentric and concentric pipe intersection in oil and gas industry piping?
Let me know about the usage of Eccentric and Concentric pipe intersection in oil and gas industry? What are the major differences and concerns about Eccentric and Concentric pipe intersection in oil and gas industry?
What is least affected by business cycle automobile manufacture food processing oil and gas industry ship building iron and steel industry?
oil and gas
What is the largest industry in US?
The largest industry in US is the oil and gas. This is considered to be a major industry with the highest producer of oil being Texas.
What is the biggest industry in Chile?
Oil and natural gas.
Why is Brunei the richest country?
oil and gas industry
What affects the oil field machinery industry?
The health of the oil and gas field machinery industry is inextricably tied to capital expenditures in the oil and gas extraction industries whose health in turn is dependent on the price of oil.
