Conversion Factors and Oil Terms
The following conversion factors will be usefull in the valuation of Oil and Gas companies.
Oil Conversion Factors and Terms
bbl - Barrel. 1bbl = 158.987 Liters
Gas Conversion Factors and Terms
| CCF | Hundred cubic feet |
| MCF | Thousand cubic feet |
| MMCF | Million cubic feet |
| BCF | Billion (10^9) cubic feet |
| TCF | Trillion (10^12) cubic feet |
| 5487 cubic feet of gas | 1 boe |
| 6 bcf gas | 1 mmboe |
Imperial and Metric Conversions
| 1 foot | 0.3048 metres |
| 1 cubic foot | 0.0283 cubic metres |
| 1 cubic metre | 35.315 cubic feet |
| 1 metre | 3.281 feet |
Oil Terms
| OOIP | Original Oil in Place |
| CoS | Chance of Success |
| P | Proven (90% chance of extraction) |
| 2P | Proven and Probable (50% chance of extraction); |
| 3P | Proven, Probable and Possible (10% chance of extraction) |
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1. Johnny
Hi there, very useful conversion factors, this should help me read better the articles on oil companies on the web. I also found on Bloomberg and on doitinvest.com some interesting campaign news from Shell which is trying to reposition itself as the oil market leader, any analysis on that?
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