Bbl definition

Bbl means a standard barrel containing 42 United States gallons.

Bbl means a standard barrel of 42 U.S. gallons and represents the basic unit for measuring the production of crude oil, natural gas liquids and condensate.

Bbl means a barrel of U.S. 42 gallons of oil.

Examples of Bbl in a sentence

• In contrast, Pioneer and Pioneer USA used (1) an arithmetic average of the five-year NYMEX futures price as of June 30, 1999, which was approximately $18.00 per Bbl of oil, less standard industry adjustments, and (2) the NYMEX price of $2.40 per Mcf of gas, less standard industry adjustments, to calculate the merger values.

• Pioneer and Pioneer USA agreed to calculate estimated future net revenues of the estimated reserves at June 30, 1999, using (1) an arithmetic average of the five-year NYMEX futures price for oil, which was approximately $18.00 per Bbl of oil, less standard industry adjustments, and (2) the NYMEX price of $2.40 per Mcf of gas, less standard industry adjustments.

• The reserve value is based on the present value of estimated future cash flows from the partnership's reserves at June 30, 1999, using (1) an arithmetic average of the five-year NYMEX futures price for oil, which was approximately $18.00 per Bbl of oil, less standard industry adjustments, (2) the NYMEX price of $2.40 per Mcf of gas, less standard industry adjustments, and (3) a 12.5% discount rate.

• In contrast, the merger values are based on (1) an arithmetic average of the five-year NYMEX futures price for oil, which was approximately $18.00 per Bbl of oil, less standard industry adjustments, and (2) the NYMEX price of $2.40 per Mcf of gas, less standard industry adjustments.

• However, oil and gas prices have recovered from NYMEX oil and gas prices of $12.00 per Bbl of oil and $2.00 per Mcf of gas as of December 31, 1998, to (1) an arithmetic average of the five-year NYMEX futures price for oil as of June 30, 1999, which was approximately $18.00 per Bbl of oil, less standard industry adjustments, and (2) the NYMEX price of $2.40 per Mcf of gas, less standard industry adjustments.

More Definitions of Bbl

Bbl means barrel.

Bbl means one stock tank barrel, or 42 U.S. gallons liquid volume, in reference to Oil or Gas Liquids.

Bbl means one stock tank barrel, or 42 U.S. gallons liquid volume, used in reference to oil or other liquid hydrocarbons.

Bbl or “bbls” means barrel or barrels. “BOE” means barrels of oil equivalent.

Bbl or “Bbls” means barrel or barrels.

Bbl means one barrel.

Bbl. “bo,” or “barrel of oil” means one stock tank barrel, which is equivalent to approximately 0.15898 cubic meters;