Gas MMcf definition

Gas MMcf means “millions of cubic feet (ft3) of gas.” “Oil MBbl” means “thousands of barrels of oil.” “NGL MBbl” means “natural gas liquids expressed in thousands of barrels of oil equivalent.” “Total Bcfe” means “billions of cubic feet equivalent.” Total Bcfe is computed based on Gas MMcf, Oil MBbl, and NGL MBbl taking into account that a Barrel of Oil Equivalent (BOE) is equivalent to 6,000 ft3. For example, in the row “Proved reserves at the end of the period” the figure 1,817.6 expressed in Bcfe is computed as [954,387 + 103,262*6 + 40,601*6] / 1,000 = 1,817.6.
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Examples of Gas MMcf in a sentence

  • Net production volumes: Oil (MMBbl) 5.8 2.9 0.1 (0.6) 8.2 Gas (Bcf) 31.1 3.0 0.1 (0.6) 33.6 NGLs (MMBbl) 2.2 — — — 2.2 Equivalent (MMBOE) 13.2 3.4 0.1 (0.7) 16.0 Average net daily production: Oil (MBbl per day) 63.7 32.0 0.9 (6.6) 90.0 Gas (MMcf per day) 342.3 32.6 0.6 (6.6) 368.9 NGLs (MBbl per day) 24.4 — — — 24.4 Equivalent (MBOE per day) 145.1 37.4 1.0 (7.7) 175.8 Note: Amounts may not calculate due to rounding.

Related to Gas MMcf

  • Oil means petroleum in any form including crude oil, fuel oil, sludge, oil refuse and refined products (other than petrochemicals which are subject to the provisions of Annex II of the present Convention) and, without limiting the generality of the foregoing, includes the substances listed in Appendix I to this Annex.

  • Gas Transporter means the licensed operator of the transportation network through which gas is transported to you;

  • Gas well means a well producing gas or natural gas from a common source of gas supply as determined by the commission.

  • Natural Gas Liquids means those hydrocarbon components that can be recovered from natural gas as a liquid including, but not limited to, ethane, propane, butanes, pentanes plus, and condensates;

  • Gas means any mixture of hydrocarbons and noncombustible gases in a gaseous state consisting primarily of methane.