Meaning barrel of oil equivalent
What does barrel of oil equivalent mean? Here you find 6 meanings of the word barrel of oil equivalent. You can also add a definition of barrel of oil equivalent yourself
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barrel of oil equivalent(or BOE) is a unit measure of unused energy resources. Expressed frequently in the financial statements of energy companies, BOEs are defined by the U.S. Internal Revenue Service as 1,700 kilowatt hours or as 5.8×106 British Thermal Units (BTUs).
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barrel of oil equivalentUnit of measurement used to convert an energy content into its equivalent in volume of oil. It is widely used to standardize the energy content of oil deposits, which always contain some gas.
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barrel of oil equivalentA measure used to aggregate oil and gas resources for production, with one BOE being approximately equal to 6,000 cubic feet of natural gas.
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barrel of oil equivalentA term frequently used to measure oil and gas on a comparative basis. In Canada, 10 mcf of natural gas is equivalent to one barrel of oil.
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barrel of oil equivalentA petroleum measure unit based on energy equivalence. Equal to one barrel of oil or LNG or 6 Mcf of natural gas.
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barrel of oil equivalentA unit of energy based on the approximate energy released by burning one barrel of crude oil
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