Trillion Cubic Feet - Tcf

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.

BREAKING DOWN '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. Billions Of Cubic Feet Equivalent ...

    A natural gas industry term typically used to measure the amount ...
  2. Barrels Of Oil Equivalent Per Day ...

    A term that is used often in conjunction with the production ...
  3. Mcf

    An abbreviation denoting a thousand cubic feet of natural gas. ...
  4. Natural Gas Equivalent

    The amount of energy used by the burning of natural gas versus ...
  5. Production Per Share

    A mathematical ratio used in the oil and gas industry to refer ...
  6. Barrel Of Oil Equivalent (BOE)

    A term used to summarize the amount of energy that is equivalent ...
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 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.
  3. Markets

    Oil And Gas Industry Primer

    Before jumping into this hot sector, learn how these companies make their money.
  4. Trading

    Natural Gas Industry: An Investment Guide

    Investors looking into this industry are faced with a confusing amount of information. We explain the important concepts and terms.
  5. ETFs & Mutual Funds

    The UNG Natural Gas ETF: Best Bet or Stay Clear?

    UNG is a popular natural gas ETF, but if you're going to get involved, then you need to know the risks.
  6. ETFs & Mutual Funds

    ETF Analysis: U.S 12 Month Natural Gas (UNL)

    Learn about the United States 12 Month Natural Gas Fund, an exchange-traded fund that invests in 12-month futures contracts for natural gas.
  7. Markets

    Do Natural Gas Prices Always Follow Oil Trends?

    Prices for oil and natural gas are highly correlated. But investors should be aware of different factors affecting the prices of these commodities.
  8. 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.
  9. Markets

    Commodities: Natural Gas

    By Noble DrakolnNatural gas is used extensively throughout the U.S. to heat homes, and also has important applications in commercial and industrial settings. It is similar to what is referred ...
  10. Personal Finance

    Understanding Oil Industry Terminology

    The drillers are just one aspect of the oil & gas industry, and by knowing some details of their role, you'll be better suited to make investment decisions.
RELATED FAQS
  1. 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 >>
  2. 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 >>
  3. 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 >>
  4. What country is the world's largest natural gas producer?

    Learn about the biggest natural gas producers and how the expansion of the fracking technique has increased natural gas production. Read Answer >>
  5. What percentage of the global economy is comprised of the oil & gas drilling sector?

    Read about a rising industry that already composes as much as one-twentieth of total global economic output: the oil & gas ... Read Answer >>
  6. What impact has the increase in shale gas drilling had on the oil and gas industry?

    Read about some of the domestic and global impacts of the shale oil and gas revolution on the oil and gas industry, particularly ... Read Answer >>
Hot Definitions
  1. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  2. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  3. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  4. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  5. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
  6. Omnibus Account

    An account between two futures merchants (brokers). It involves the transaction of individual accounts which are combined ...
Trading Center