Oil Field unit for Non-system unit of natural gas volume: 1 boe = 6
1 GOE = Gas Volume [Oil Equivalent] / Gas Volume [True]
so that VG, oil equiv = 1 GOE · VG, true
The most widely used industry convention is 1 GOE = 0.001 so that:
- 1,000 m3 of gas is equivalent to 1 m3 of oil
- 1,000 ft3 is equivalent to 0.1781 bbl of oil
- 5,615 ft3 is equivalent to 0.1781 bbl of oil
The USGS convention is: 1 GOE = 0.000936 so that:
- 1,000 m3 of gas is equivalent to 0.936 m3 of oil
- 1,000 ft3 is equivalent to 0.0001666 bbl of oil
- 6,000 ft3 is equivalent to 1 bbl of oil
The = 170 m3 The above is the USGS convention.The alternative convention is provided by U.S. Internal Revenue Service as convention is: 1 boe GOE = 5.8 · 106 btu in energy terms which is equivalent to 1 boe = 0.0009684 so that:
- 1,000 m3 of gas is equivalent to 0.9684 m3 of oil
- 1,000 ft3 is equivalent to 0.00017248 bbl of oil
- 5,800 ft3
...
- is equivalent to 1 bbl of oil
See also
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Natural Science / Engineering / Measurement / Unit
[ Tonne of oil equivalent (TOE) ] [ Barrel of oil equivalent (BOE) ]
[ Oil barrel (bbl) ]6,000 cubic feet (170 cubic metres