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For example, US dollars or other currency per million British thermal units, thousand cubic feet, or 1,000 cubic meters. Note that, for natural gas price comparisons$, per million Btu multiplied by 1.025 = $ per Mcf of pipeline-quality gas, which is what is delivered to consumers. For rough comparisons, one million Btu is approximately equal to ...
A related measure is "mega standard cubic metres per day" (MSm 3 /d), which is equal to 10 6 Sm 3 /d used in many countries outside the United States. [1] One MMSCFD equals 1177.6 Sm 3 /h. When converting to mass flowrate, the density of the gas should be used at Standard temperature and pressure.
At least 100 trillion cubic feet (2.8 trillion cubic metres) of it is economically viable to produce. [ 2 ] The EIA reports 2017 reserves at 11,878 billion cubic feet (BCF) or 11.878 trillion cubic feet, [ 3 ] which at a current market price of US $2.97 as of May 14, 2021, are worth approximately $36.2 Billion USD.
The United States Geological Survey gives a figure of 6,000 cubic feet (170 cubic metres) of typical natural gas. [ 2 ] Due to the risk of confusion The Society of Petroleum Engineers recommends in their style guide that abbreviations or prefixes M or MM are not used for barrels of oil or barrel of oil equivalent, but rather that thousands ...
Yet other definitions are in use for industrial gas, [5] where, in the US, a standard cubic foot for industrial gas use is defined at 70 °F (21.1 °C) and 14.696 psia (101.325 kPa), while in Canada, a standard cubic meter for industrial gas use is defined at 15 °C (59 °F) and 101.325 kPa (14.696 psia).
Oil conversion factor from m³ to bbl (or stb) is 6.28981100; Gas conversion factor from standard m³ to scf is 35.314666721; Note that the m³ gas conversion factor takes into account a difference in the standard temperature base for measurement of gas volumes in metric and imperial units.
One GGE of natural gas is 126.67 cubic feet (3.587 m 3) at standard conditions. This volume of natural gas has the same energy content as one US gallon of gasoline (based on lower heating values: 900 BTU/cu ft (9.3 kWh/m 3) of natural gas and 114,000 BTU/US gal (8.8 kWh/L) for gasoline). [22]
During 2008–2009, Dana Gas discovered the Sondos-1 and 2 dry gas wells, the Azhar-1 gas/condensate well, and the Tulip-1 gas well. The production test for the latter, located in the West Al Qantara Concession, yielded 11.4 million cubic feet per day (320 thousand cubic metres per day) and 318 barrels (50.6 m 3) of condensate per day. [26]