Barrels Of Oil Equivalent Per Day - BOE/D

What does 'Barrels Of Oil Equivalent Per Day - BOE/D' mean

Barrels of oil equivalent per day (BOE/D) is a term that is used often in conjunction with the production or distribution of oil. One barrel of oil is generally deemed to have the same amount of energy content as 6,000 cubic feet of natural gas.

BREAKING DOWN 'Barrels Of Oil Equivalent Per Day - BOE/D'

Large oil producers are evaluated and refer to their production by the number of cubic feet of natural gas, and/or by the barrels of oil equivalent, they produce per day. This is an industry standard, and a way that investors can compare the production and/or the reserves of two oil/gas companies.

RELATED TERMS
  1. Billions Of Cubic Feet Equivalent ...

    A natural gas industry term typically used to measure the amount ...
  2. Barrel Of Oil Equivalent (BOE)

    A term used to summarize the amount of energy that is equivalent ...
  3. Production Per Share

    A mathematical ratio used in the oil and gas industry to refer ...
  4. Natural Gas Equivalent

    The amount of energy used by the burning of natural gas versus ...
  5. Price Per Flowing Barrel

    A metric used to determine the value of a oil and gas company. ...
  6. Trillion Cubic Feet - Tcf

    A volume measurement used by the oil and gas industry. A trillion ...
Related Articles
  1. Markets

    The 7 Biggest Canadian Natural Gas Companies (CNQ, HSE.TO)

    Read about the seven biggest Canadian natural gas companies as measured by production volume and learn a little more about their recent performance.
  2. Markets

    The 7 Biggest Canadian Energy Companies (IMO.TO, TRP)

    Read about the largest seven Canadian energy companies as measured by market capitalization, and learn more about their energy operations.
  3. Markets

    The Biggest Oil Producers in Asia

    Learn which Asian countries deliver the most crude oil to market, and discover what companies are the biggest producers in each country.
  4. Markets

    The World's Top 10 Natural Gas Companies (XOM, OGZPY)

    Read about the 10 companies that combined to produce about 105 billion cubic feet of natural gas in 2014, about 30% of the world's total production.
  5. Markets

    Should U.S. Producers Shut Down While Oil Is out of the Money?

    Should oil producers simply stop producing and wait for oil prices to recover? It may make sense for some producers to shut down in a $40 per barrel oil price environment.
  6. Trading

    How Does Crude Oil Affect Gas Prices?

    Find out how this commodity's fluctuating price affects more than just how much you pay at the pump.
  7. Markets

    What it Would take to Rebalance the Oil Supply

    Jim Atkinson, CEO of GuinĀ­ness Atkinson Asset Management Inc., discusses the factors behind the current oil over-supply.
  8. Trading

    Oil And Gas Industry Primer

    Before jumping into this hot sector, learn how these companies make their money.
  9. Markets

    These 5 Countries Move the Supply of Oil

    Learn which countries are the largest source of change in the global supply of oil. Oil prices crashed in 2014 as supply increased and demand dropped.
  10. Managing Wealth

    Oil: A Big Investment With Big Tax Breaks

    Oil and gas investments can provide unmatched deduction potential for accredited investors.
RELATED FAQS
  1. What does a barrel of oil equivalent (BOE) refer to in the oil and gas sector?

    Find out about the oil and gas industry, what a barrel of oil equivalent refers to and what it measures in the oil and gas ... Read Answer >>
  2. How does an oil and gas company measure and state its production?

    Learn the ways in which oil and gas companies measure and state production, and how much oil and gas is produced worldwide ... Read Answer >>
  3. What economic indicators are important to consider when investing in the oil and ...

    Find out more about economic indicators and which ones are important when investing in companies in the oil and gas sector. Read Answer >>
  4. How does fracking increase oil production?

    Learn how fracking, the process of high-pressure oil and gas extraction, has tripled domestic oil production and reduced ... Read Answer >>
  5. Why are stocks and oil so correlated right now?

    Learn whether the stock market and oil prices will continue their highly correlated price relationship or decouple again ... Read Answer >>
  6. What causes oil prices to fluctuate?

    Discover how OPEC, demand and supply, natural disasters, production costs and political instability are some of the major ... Read Answer >>
Hot Definitions
  1. European Union - EU

    A group of European countries that participates in the world economy as one economic unit and operates under one official ...
  2. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  3. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
  4. Brexit

    The Brexit, an abbreviation of "British exit" that mirrors the term Grexit, refers to the possibility of Britain's withdrawal ...
  5. Underweight

    1. A situation where a portfolio does not hold a sufficient amount of a particular security when compared to the security's ...
  6. Russell 3000 Index

    A market capitalization weighted equity index maintained by the Russell Investment Group that seeks to be a benchmark of ...
Trading Center