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. Stock Analysis

    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. Stock Analysis

    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. Active Trading

    Oil And Gas Industry Primer

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

    Changing Gas Sources Present Rare Opportunity

    Historically, gas supplies have flowed from the resource-rich Gulf Coast to the populous, but gas-starved, Northeast.
  5. Savings

    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.
  6. Mutual Funds & ETFs

    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. Options & Futures

    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 ...
  8. Stock Analysis

    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. Mutual Funds & ETFs

    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.
  10. Mutual Funds & ETFs

    Will the Natural Gas ETF KOLD Stay Hot?

    Proshares UltraShort Bloomberg Natural Gas ETF isn't an investment for the faint of heart.
RELATED FAQS
  1. 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 >>
  2. 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 >>
  3. 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 >>
  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 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 >>
  6. How does the risk of investing in the oil and gas sector compare to the broader market?

    Learn how the oil and gas sector has risk both with the broader market and the price of oil and gas, and understand how correlation ... Read Answer >>
Hot Definitions
  1. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  2. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  3. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  4. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
  5. Generally Accepted Accounting Principles - GAAP

    The common set of accounting principles, standards and procedures that companies use to compile their financial statements. ...
  6. DuPont Analysis

    A method of performance measurement that was started by the DuPont Corporation in the 1920s. With this method, assets are ...
Trading Center