Trillion Cubic Feet - Tcf

AAA

DEFINITION of 'Trillion Cubic Feet - Tcf'

A volume measurement used by the oil and gas industry. A trillion cubic feet (1,000,000,000,000 cubic feet) is a volume measurement of natural gas that is equivalent to approximately one Quad. A Quad is an abbreviation for a quadrillion (1,000,000,000,000,000) Btu's. A Btu (British Thermal Unit) is a unit of measurement for energy, representing the amount of heat that is needed to raise the temperature of one pound of water by one degree Fahrenheit.

INVESTOPEDIA EXPLAINS 'Trillion Cubic Feet - Tcf'

Trillion cubic feet is commonly called abbreviated Tcf. Similarly, Bcf refers to a billion cubic feet, a gas measurement equal to approximately one trillion (1,000,000,000,000) Btu's. Mcf stands for one thousand cubic feet, a measure that is used more commonly in the low volume segments of the gas industry, such as stripper well production.


Within the oil and gas industry, units of measurement are represented by letters where M= one thousand, MM = one million, B = one billion and T = one trillion. Any of these can appear before certain terms, such as MMBOE (million barrel of oil equivalent) or Tcf (trillion cubic feet).

RELATED TERMS
  1. Fracking

    A slang term for hydraulic fracturing. Fracking refers to the ...
  2. Oil Field

    A tract of land used for extracting petroleum, or crude oil, ...
  3. Oil Refinery

    An industrial plant that refines crude oil into petroleum products ...
  4. Probable Reserves

    After an oil exploration firm conducts a seismic survey of a ...
  5. Liquefied Natural Gas

    The liquefied state of natural gas, which is created by cooling ...
  6. Commodity

    1. A basic good used in commerce that is interchangeable with ...
Related Articles
  1. Oil And Gas Industry Primer
    Active Trading

    Oil And Gas Industry Primer

  2. How Long Will Lower Energy Prices Last?
    Personal Finance

    How Long Will Lower Energy Prices Last?

  3. Is Natural Gas About to Tank?
    Chart Advisor

    Is Natural Gas About to Tank?

  4. The Real Estate of Oil
    Options & Futures

    The Real Estate of Oil

Hot Definitions
  1. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  2. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  3. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  4. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  5. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  6. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
Trading Center