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Facts about Oil
Facts about Natural Gas
Well types
Abbreviations
Glossary of Terms

Abbreviations


API - American Petroleum Institute

BCF - Billion Cubic Feet of Gas

BCFE - Billion Cubic Feet of Gas Equivalent

BBL - Barrel = 42 gallons

BOE - Barrels of Oil Equivalent converting 6 MCF of natural gas to one barrel of oil.

BOPD - Barrels of Oil per Day

BTU - British Thermal Unit. The amount of energy require to heat 1 pound of water 1 Fahrenheit degree.

EQUIVALENT - Six MCF of Gas per Barrel of Oil Conservation Rate

EUR - Estimated Ultimate Recovery

GIP - Gas in Place

GOR - Gas to Oil Ratio

LNG - Liquified Natural Gas

MBBL - Thousand Barrels of Oil

MMBBL - Million Barrels of Oil

MCF - Thousand Cubic Feet of Gas

MMCF - Million Cubic Feet of Gas

NYMEX - The New York Mercantile Exchange

NGL - Natural Gas Liquids

OIP - Oil in Place

OPEC - Organization of Petroleum Exporting Countries

PSI - Pounds per Square Inch

TCF - Trillion Cubic Feet of Gas

TD - Total Depth

 


 
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