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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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