Petroleum Goodies (in this message: 10 new items)

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• Conversion Factors
• CBM
• Possible
• Probable
• Proved
• GSA
• MDQ
• TOP
• DCQ
• ROT

Conversion Factors Posted: 09 Mar 2011 09:00 AM PST Oil & Gas Volume Conversion Factors Another handy note for commonly used unit conversion in oil and gas industry related to volume. 1 bbl (Barrel) = 158.987 liters CF = cubic feet MCF (thousand cubic feet) = 10^3 cubic feet MMCF (million cubic feet) = 10^6 cubic feet BCF (billion cubic feet) = 10^6 cubic feet TCF (trillion cubic feet) = 10^12 cubic feet 5487 CF gas equivalent with 1 boe (barrel oil equivalent) 6 BCF gas equivalent with 1 mmboe (million barrel oil equivalent) Metric Conversions 1 meter = 3.281 feet 1 foot =  0.3048 meters 1 CF = 0.0283 cubic meters 1 cubic meter = 35.315 CFSimilar Posts: Units Conversion Workbook API Gravity Generate Production Profile Based on Rate vs. Produced Gas Copy Excel Range To PowerPoint Presentation Linear Interpolation

CBM Posted: 09 Mar 2011 03:48 AM PST CBM: Coal Bed Methane, a form of natural gas extracted from coal bedSimilar Posts: Coal Seam Gas CSG Condensate

Possible Posted: 09 Mar 2011 03:44 AM PST Possible: An estimate of the volume of hydrocarbons in the trap area that possibly exist. 3P is then proved plus probable plus possible volumes. Similar Posts: Probable Proved Potential Petroleum

Probable Posted: 09 Mar 2011 03:44 AM PST Probable: Hydrocarbon volume considered likely (probable) to have been found by the drilling of the well, given the mapping that has taken place. 2P is then proved plus probable volumes. Similar Posts: Proved Possible Potential Prospect

Proved Posted: 09 Mar 2011 03:44 AM PST Proved: Hydrocarbon volume considered to be proven by the drilling of the well. There is a very high chance that this volume exists in the ground around the well bore. Similar Posts: Probable Possible Prospect Potential

GSA Posted: 09 Mar 2011 03:41 AM PST GSA: Gas Sales Agreement. Commonly used in gas sales contract.Similar Posts: None Found

MDQ Posted: 09 Mar 2011 03:40 AM PST MDQ: Maximum Daily Quantity, maximum amount of gas that can be delivered to buyer as per gas contract agreement.Similar Posts: None Found

TOP Posted: 09 Mar 2011 03:39 AM PST TOP: Take or Pay, minimum gas demand that required by buyer to pay.Similar Posts: None Found

DCQ Posted: 09 Mar 2011 03:37 AM PST DCQ: Daily Contract Quantity, amount of daily demand from gas sales contract.Similar Posts: None Found

ROT Posted: 09 Mar 2011 03:36 AM PST ROT: Rate of Take, predicted gas demand of gas sales agreement.RSimilar Posts: None Found

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