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The barrel of oil equivalent (BOE) is a unit of energy based on the approximate energy released by burning one barrel (42 US gallons, 35 imp gal or about 159 litres) of crude oil. The BOE is used by oil and gas companies in their financial statements as a way of combining oil and natural gas reserves and production into a single measure ...
In the oil industry, quantities of crude oil are often measured in metric tons. One can calculate the approximate number of barrels per metric ton for a given crude oil based on its API gravity: barrels of crude oil per metric ton = API gravity + 131.5 141.5 × 0.159 {\displaystyle {\text{barrels of crude oil per metric ton}}={\frac {{\text{API ...
The tonne of oil equivalent ( toe) is a unit of energy defined as the amount of energy released by burning one tonne of crude oil. It is approximately 42 gigajoules or 11.630 megawatt-hours, although as different crude oils have different calorific values, the exact value is defined by convention; several slightly different definitions exist.
The oil in place is calculated as the product of the volume of porous oil-bearing rock, the porosity of the rock, and its saturation. [1] Correction factors have to be applied for the difference between the volume of the same mass of oil in the reservoir to its volume when brought to the surface, which is caused by the different physical ...
Oil and gas reserves and resource quantification
Stack Tank Oil (STO) density (or API) may also be used by regulatory bodies to classify oil and oil products. Other properties such as Molecular Weight, saturated aromatic resin and asphaltene (SARA), refractive index, wax appearance temperature, asphaltene precipitation, and acid number, are also specified at Stock Tank conditions. [1]
Brent Crude - Wikipedia ... Brent Crude
Price of oil