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SEFTON RESOURCES : Producing oil and CBM company based in the USA

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psonice - Thu, 21 Dec 06 :

Right, that bit of research is done, and I'm afraid it wasn't exactly enlightening...

Basically, 1 BOE (barrel oil equivalent) is equivalent to 6000 cubic feet of natural gas. But NOT in terms of value - it's an equivalent amount of energy. So if you want comparative value, you'd have to find the cost of 6000cuft of gas at current (local - it varies a lot!) market price, and compare it to the cost of a barrel of oil.

I think at least LNG is taken into account when working out the BOE figures, otherwise it would be a real nightmare!


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