Bcfe definition

Bcfe means one billion cubic feet of natural gas equivalent.

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Bcfe means billion cubic feet of natural gas equivalent with one barrel of oil, condensate or NGL converted to six thousand cubic feet of natural gas.

Bcfe means billion cubic feet equivalent, determined by using the ratio of six thousand cubic feet of natural gas to one stock tank barrel (or 42 U.S. gallons liquid volume) of crude oil, condensate or natural gas liquids.

Examples of Bcfe in a sentence

• On the Closing Date, except as set forth on Schedule 8.18, on a net basis, there are no gas imbalances, take or pay or other prepayments exceeding 2.5 Bcfe of Hydrocarbon volumes (stated on a gas equivalent basis) in the aggregate, with respect to the Credit Parties’ Oil and Gas Properties that would require any Credit Party to deliver Hydrocarbons either generally or produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor.

• On the Closing Date, except as set forth on Schedule 5.17, on a net basis, there are no gas imbalances, take or pay or other prepayments exceeding 2.5 Bcfe of Hydrocarbon volumes (stated on a gas equivalent basis) in the aggregate, with respect to the Loan Parties’ Oil and Gas Properties that would require any Loan Party to deliver Hydrocarbons either generally or produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor.

• On the Closing Date, except as set forth on Schedule 8.17, on a net basis, there are no gas imbalances, take or pay or other prepayments exceeding 2.5 Bcfe of Hydrocarbon volumes (stated on a gas equivalent basis) in the aggregate, with respect to the Credit Parties’ Oil and Gas Properties that would require any Credit Party to deliver Hydrocarbons either generally or produced from their Borrowing Base Properties at some future time without then or thereafter receiving full payment therefor.

• The Borrower will not, and will not permit any Restricted Subsidiary to allow gas imbalances, take or pay or other prepayments exceeding 1.0 Bcfe of Hydrocarbon volumes (stated on a gas equivalent basis) in the aggregate, with respect to the Credit Parties’ Oil and Gas Properties that would require any Credit Party to deliver Hydrocarbons either generally or produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor.

• Successful well as it relates to ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ means a well with an IP of at least 2.0 Mmcfe per day and internally estimated reserves of 3.0 Bcfe.

More Definitions of Bcfe

Bcfe means billion cubic feet of natural gas equivalents. Oil volumes are converted to natural gas equivalents using the ratio of one barrel of crude oil to six thousand cubic feet of natural gas.

Bcfe means billion cubic feet of natural gas equivalent using the ratios of six Mcf of natural gas to one barrel of crude oil, condensate and natural gas liquids

Bcfe means billion cubic feet of natural gas equivalents, with one barrel of natural gas liquids (“NGLs”) and crude oil being equivalent to 6,000 cubic feet of natural gas.

Bcfe means billion cubic feet equivalent.

Bcfe means one billion cubic feet equivalent, determined using the ratio of six Mcf of natural gas to one Bbl of crude oil, condensate or NGLs.

Bcfe means billion cubic feet equivalent, with oil or material gas liquids converted at 167,000 barrels per billion cubic feet equivalent (167,000:1), unless otherwise stated; (the term “bcfe” may be misleading particularly if used in isolation; a bcfe conversion of 167,000 barrels:1 bcfe is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead);

Bcfe means a billion cubic feet equivalent and is a customary convention used in the United States to express oil and gas volumes on a comparable basis. It is determined on the basis of the estimated relative energy content of oil to natural gas, being approximately one barrel of oil per six Mcf of gas.