Page History

...

Non-system unit of natural gas volume: 

  1 GOE  = Gas Volume [Oil Equivalent of ]  / Gas Volume = 1 GOE  · True Gas Volume.  ↔ [True]

so that  V_{G, oil equiv} = 1 GOE  · V_{G, 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 0.1667  0001666  bbl of oil
• 6,000 ft³ is equivalent to 1 bbl of oil

The U.S. Internal Revenue Service convention is: 1 GOE = 0.0009684 so that:  

• 1,000 m³ of gas is equivalent to 0.9684 m³ of oil
• 1,000 ft³  is equivalent to 0.17248 00017248 bbl  of oil
• 5,800 ft³  is equivalent to 1 bbl  of oil

See also

...

Natural Science / Engineering / Measurement / Unit

...