Billions Of Cubic Feet Equivalent - BCFE
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Definition of 'Billions Of Cubic Feet Equivalent - BCFE'
A natural gas industry term typically used to measure the amount of natural gas that is either untapped in reserves, or being pumped and delivered over extended periods of time (such as months or years). The "equivalent" is used to describe the equivalent amount of energy liberated by the burning of this type of fuel versus crude oil, with every 6,000 cubic feet of natural gas being equal to one barrel of oil.
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Investopedia explains 'Billions Of Cubic Feet Equivalent - BCFE'
This term, most commonly found in the annual reports of natural gas and oil corporations, is used to quantify the energy produced (or potentially produced) by a company's reserves, as well as what is actually delivered to customers. One billion cubic feet of gas equivalent can produce roughly 1.028 trillion BTUs, which is enough to power all of Delaware's natural gas needs for slightly more than one week. Considering that the average natural gas well pumps roughly 250,000 - 350,000 cubic feet equivalent per day, it would take one well roughly 3,000 days to pump one billion cubic feet equivalent of natural gas.
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Search results for 'Billions Of Cubic Feet Equivalent (BCFE)'
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http://stocks.investopedia.com/stock-analysis/2012/EP-Operators-Drop-Natural-Gas-PUDs-NBL-RRC-CNX-PXP0223.aspx
... This proved reserve total incorporated the removal of 190 billions of cubic feet
equivalent (Bcfe) of legacy proved reserves that the company felt could not be ...
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http://stocks.investopedia.com/stock-analysis/2011/4-Energy-Companies-That-Missed-On-Production--CRZO-TLM-SD-KWK1114.aspx
... and expects daily production to average 490 million cubic feet of natural ... NYSE:CRZO),
which reported production of 11.3 billions of cubic feed equivalent ...
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http://stocks.investopedia.com/stock-analysis/2011/EnCana-Likes-Long-Term-Natural-Gas-Fundamentals-SSL-ECA-CHK-XOM-DVN-APC-CLNE1115.aspx
... Demand EnCana estimates that demand for natural gas in North America will increase
to 110 billions of cubic feet equivalent (Bcfe) per day by 2030, compared to ...
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http://stocks.investopedia.com/stock-analysis/2012/EQT-Corporation-Suspends-Huron-Development-EQT-XCO-MWE-RRC0130.aspx
... The company reduced its production guidance by 5 billions of cubic feet equivalent
(Bcfe) in 2012, and removed all of its Huron proved undeveloped reserves ...
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http://stocks.investopedia.com/stock-analysis/2009/The-Story-Behind-Falling-Oil-And-Gas-Reserves-APC-XOM-NBL-XTO1016.aspx
... of 23% to 13.86 Tcfe (trillion cubic feet equivalents ... has 700 million barrels of
oil equivalent (BOE) waiting ... to the long lag time involved, billions of barrels ...
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