Non-system unit of natural gas volume:
Oil Equivalent of Gas Volume = 1 GOE · True Gas Volume. ↔ VG, oil equiv = 1 GOE · VG
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 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 0.00017248 bbl of oil
- 5,800 ft3 is equivalent to 1 bbl of oil
See also
Natural Science / Engineering / Measurement / Unit
[ Tonne of oil equivalent (TOE) ] [ Barrel of oil equivalent (BOE) ]
[ Oil barrel (bbl) ]