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Metric regions commonly use the tonne of oil equivalent (toe), or more often million toe (Mtoe). Since this is a measurement of mass, any conversion to barrels of oil equivalent depends on the density of the oil in question, as well as the energy content. Typically 1 tonne of oil has a volume of 1.08 to 1.19 cubic metres (6.8 to 7.5 bbl).
oil-based units: gigatonne of oil equivalent: Gtoe Gtoe 1.0 Gtoe (42 EJ) megatonne of oil equivalent: Mtoe Mtoe 1.0 Mtoe (42 PJ) kilotonne of oil equivalent: ktoe ktoe 1.0 ktoe (42 TJ) tonne of oil equivalent: toe toe 1.0 toe (42 GJ) kilo barrel of oil equivalent: kBOE (kbboe) kBOE 1.0 kBOE (6.1 TJ) barrel of oil equivalent: BOE BOE 1.0 BOE (6. ...
MMboe – million barrels of oil equivalent; MMboed – million barrels of oil equivalent per day; MMbpd – million barrels per day; MMcf – million cubic feet (of natural gas) MMcfe – million cubic feet (of natural gas equivalent) MMcfge – million cubic feet (of natural gas equivalent) MMS – Minerals Management Service (United States)
Natural gas is frequently associated with oil directly and gas reserves are commonly quoted in barrels of oil equivalent (BOE). Consequently, both oil and gas reserves, as well as resource estimates, follow the same reporting guidelines, and are referred to collectively hereinafter as oil & gas. [1]
(The data below does not seem to include shale oil and other unconventional sources of oil such as tar sands. For instance, North America has over 3 trillion barrels of shale oil reserves, [ citation needed ] and the majority of oil produced in the US is from shale, leading to the paradoxical data below that the US will finish all its oil at ...
The oil giant lowered its guidance for integrated gas production for the quarter, expecting to produce between 880 – 920 kboe/d oil-equivalent barrels per day, down from the prior outlook of 900 ...
The oil and gas capital program is roughly equivalent to 2024 when adjusting for a full year of CrownRock in our portfolio. We expect full-year production to average approximately 1.42 million BOE ...
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