Mcfe definition

Mcfe means one thousand cubic feet of natural gas equivalent, converting oil or condensate to natural gas at the ratio of 1 Bbl of oil or condensate to 6 Mcf of natural gas. This conversion ratio, which is typically used in the oil and gas industry, represents the approximate energy equivalent of a barrel of oil or condensate to an Mcf of natural gas. The sales price of one barrel of oil or condensate has been much higher than the sales price of six Mcf of natural gas over the last several years, so a six to one conversion ratio does not represent the economic equivalency of six Mcf of natural gas to one barrel of oil or condensate

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Mcfe means one thousand cubic feet of natural gas equivalent.

Mcfe means MCF of natural gas equivalent; converting volumes of oil to natural gas equivalent volumes using a ratio of one BBL of oil to six MCF of natural gas.

Examples of Mcfe in a sentence

• With respect to Wexpro's cost of service activities, the five-year finding cost was $.64 per Mcfe and $.80 per Mcfe in 1999 and 1998, respectively.

• QMR achieved a five-year average full cost finding and acquisition cost of $.90 per Mcfe in 1999 compared with $.95 per Mcfe in 1998.

• The Borrower will not, and will not permit any Restricted Subsidiary to, allow gas imbalances, take-or-pay or other prepayments with respect to the Oil and Gas Properties of the Borrower or any Restricted Subsidiary that would require the Borrower or such Restricted Subsidiary to deliver Hydrocarbons at some future time without then or thereafter receiving full payment therefor to exceed 500,000 Mcf of gas (on an Mcfe equivalent basis) in the aggregate.

• The combined U.S. and Canadian full cost amortization rate was $.80 per Mcfe for the first quarter of 2000 compared with $.83 for the comparable 1999 quarter.

• The Borrower will not, and will not permit any of its Subsidiaries to, allow gas imbalances, take-or-pay or other prepayments with respect to the Oil and Gas Properties of the Borrower or any of its Subsidiaries that would require the Borrower or such Subsidiary to deliver Hydrocarbons at some future time without then or thereafter receiving full payment therefor to exceed 50,000 Mcf of gas (on an Mcfe equivalent basis) in the aggregate.

More Definitions of Mcfe

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

Mcfe means thousand cubic feet equivalent;

Mcfe means million cubic feet equivalent.

Mcfe or “Mcf Equivalent” has the meaning given such term in Section 1.9 of the Operating Terms.

Mcfe means thousand cubic feet equivalent (natural gas); “mmcfepd” means million cubic feet equivalent (natural gas) per day;

Mcfe means one thousand cubic feet equivalent calculated by converting one barrel of oil or natural gas liquids to six Mcf of natural gas.

Mcfe means thousand cubic feet of natural gas equivalents. "MDths" means thousand decatherms.