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Barrel Of Oil Equivalent
The barrel of oil equivalent (BOE) is a unit of energy based on the approximate energy released by burning one barrel (, or ) of crude oil. The BOE is used by oil and gas companies in their financial statements as a way of combining oil and natural gas Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbo ... reserves and production into a single measure, although this energy equivalence does not take into account the lower financial value of energy in the form of gas. The U.S. Internal Revenue Service defines a BOE as equal to 5.8 million BTU. (, about [Higher heating value, HHV], or about .) The value is necessarily approximate as various grades of oil and gas have slightly different heating values. If one considers the lower heating value instead of the higher heating value, the value ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Units Of Energy
Energy is defined via Mechanical work, work, so the SI unit of energy is the same as the unit of work – the joule (J), named in honour of James Prescott Joule and his experiments on the mechanical equivalent of heat. In slightly more fundamental terms, is equal to 1 newton metre and, in terms of SI base units :1\ \mathrm = 1\ \mathrm \left( \frac \right ) ^ 2 = 1\ \frac An energy unit that is used in atomic physics, particle physics and high energy physics is the electronvolt (eV). One eV is equivalent to 1 E-19 J, . In spectroscopy the unit cm−1 ≈ is used to represent energy since energy is inversely proportional to wavelength from the equation E = h \nu = h c/\lambda . In discussions of energy production and consumption, the units barrel of oil equivalent and ton of oil equivalent are often used. British imperial / US customary units The imperial units, British imperial units and United States customary units, U.S. customary units for both energy and wo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Therm
The therm (symbol, thm) is a non- SI unit of heat energy equal to 100,000 British thermal units (BTU), and approximately megajoules, kilowatt-hours, kilocalories and thermies. One therm is the energy content of approximately of natural gas at standard temperature and pressure. However, the BTU is not standardised worldwide, with slightly different values in the EU, UK, and USA, meaning that the energy content of the therm also varies by territory. Natural gas meters measure volume and not energy content, and given that the energy density varies with the mix of hydrocarbons in the natural gas, a 'therm factor' is used by natural gas companies to convert the volume of gas used to its heat equivalent, usually being expressed in units of 'therms per CCF' (CCF is an abbreviation for 100 cubic feet). Higher than average concentration of ethane, propane or butane will increase the therm factor and the inclusion of non - flammable impurities, such as carbon dioxide or nitrogen will red ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petroleum Economics
Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crude oil and petroleum products that consist of refined crude oil. A fossil fuel, petroleum is formed when large quantities of dead organisms, mostly zooplankton and algae, are buried underneath sedimentary rock and subjected to both prolonged heat and pressure. Petroleum is primarily recovered by oil drilling. Drilling is carried out after studies of structural geology, sedimentary basin analysis, and reservoir characterisation. Recent developments in technologies have also led to exploitation of other unconventional reserves such as oil sands and oil shale. Once extracted, oil is refined and separated, most easily by distillation, into innumerable products for direct use or use in manufacturing. Products include fuels such as gasoline (pet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petroleum Reserves
Oil and gas reserves denote ''discovered'' quantities of crude oil and natural gas (oil or gas fields) that can be profitably produced/recovered from an approved development. Oil and gas reserves tied to approved operational plans filed on the day of reserves reporting are also sensitive to fluctuating global market pricing. The remaining resource estimates (after the reserves have been accounted) are likely sub-commercial and may still be under appraisal with the potential to be technically recoverable once commercially established. Natural gas is frequently associated with oil directly and gas reserves are commonly quoted in barrels of oil equivalent (BoE). Consequently both oil and gas reserves, as well as resource estimates, follow the same reporting guidelines, and are referred to collectively hereinafter as ''oil & gas''. Quantification Detailed classification schemes have been devized by industry specialists to quantify volumes of oil & gas accumulated underground (kn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1,000,000
One million (1,000,000), or one thousand thousand, is the natural number following 999,999 and preceding 1,000,001. The word is derived from the early Italian ''millione'' (''milione'' in modern Italian), from ''mille'', "thousand", plus the augmentative suffix ''-one''. It is commonly abbreviated in British English as m (not to be confused with the metric prefix "m", ''milli'', for ), M, MM ("thousand thousands", from Latin "Mille"; not to be confused with the Roman numeral = 2,000), mm (not to be confused with millimetre), or mn in financial contexts. In scientific notation, it is written as or 106. Physical quantities can also be expressed using the SI prefix mega (M), when dealing with SI units; for example, 1 megawatt (1 MW) equals 1,000,000 watts. The meaning of the word "million" is common to the short scale and long scale numbering systems, unlike the larger numbers, which have different names in the two systems. The million is sometimes used in the English la ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Metric System
The metric system is a system of measurement that succeeded the Decimal, decimalised system based on the metre that had been introduced in French Revolution, France in the 1790s. The historical development of these systems culminated in the definition of the International System of Units (SI) in the mid-20th century, under the oversight of an international standards body. Adopting the metric system is known as ''metrication''. The historical evolution of metric systems has resulted in the recognition of several principles. Each of the fundamental dimensions of nature is expressed by a single base unit (measurement), base unit of measure. The definition of base units has increasingly been realisation (metrology), realised from natural principles, rather than by copies of physical artefacts. For quantities derived from the fundamental base units of the system, units SI derived unit, derived from the base units are used—e.g., the square metre is the derived unit for area, a qu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Geological Survey
The United States Geological Survey (USGS), formerly simply known as the Geological Survey, is a scientific agency of the United States government. The scientists of the USGS study the landscape of the United States, its natural resources, and the natural hazards that threaten it. The organization's work spans the disciplines of biology, geography, geology, and hydrology. The USGS is a fact-finding research organization with no regulatory responsibility. The agency was founded on March 3, 1879. The USGS is a bureau of the United States Department of the Interior; it is that department's sole scientific agency. The USGS employs approximately 8,670 people and is headquartered in Reston, Virginia. The USGS also has major offices near Lakewood, Colorado, at the Denver Federal Center, and Menlo Park, California. The current motto of the USGS, in use since August 1997, is "science for a changing world". The agency's previous slogan, adopted on the occasion of its hundredt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tonne Of Oil Equivalent
The tonne of oil equivalent (toe) is a unit of energy defined as the amount of energy released by burning one tonne of crude oil. It is approximately 42 gigajoules or 11.630 megawatt-hours, although as different crude oils have different calorific values, the exact value is defined by convention; several slightly different definitions exist. The ''toe'' is sometimes used for large amounts of energy. Multiples of the ''toe'' are used, in particular the megatoe (Mtoe, one million toe) and the gigatoe (Gtoe, one billion toe). A smaller unit of kilogram of oil equivalent (kgoe or koe) is also sometimes used denoting 1/1000 toe. Definitions The International Energy Agency defines one '' tonne of oil equivalent'' (toe) to be equal to: *1 toe = 11.63 megawatt-hours (MWh) *1 toe = 41.868 gigajoules (GJ) *1 toe = 10 gigacalories (Gcal) – *1 toe = 39,683,207.2 British thermal units (BTU) *1 toe = 1.42857143 tonnes of coal equivalent (tce) Conversion into other units: *1 toe = 7.33 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barrel (unit)
A barrel is one of several units of volume applied in various contexts; there are dry barrels, fluid barrels (such as the U.K. beer barrel and U.S. beer barrel), oil barrels, and so forth. For historical reasons the volumes of some barrel units are roughly double the volumes of others; volumes in common use range approximately from . In many connections the term is used almost interchangeably with ''barrel''. Since medieval times the term as a unit of measure has had various meanings throughout Europe, ranging from about 100 litres to about 1,000 litres. The name was derived in medieval times from the French , of unknown origin, but still in use, both in French and as derivations in many other languages such as Italian, Polish, and Spanish. In most countries such usage is obsolescent, increasingly superseded by SI units. As a result, the meaning of corresponding words and related concepts (vat, cask, keg etc.) in other languages often refers to a physical container ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Higher Heating Value
The heating value (or energy value or calorific value) of a substance, usually a fuel or food (see food energy), is the amount of heat released during the combustion of a specified amount of it. The ''calorific value'' is the total energy released as heat when a substance undergoes complete combustion with oxygen under standard conditions. The chemical reaction is typically a hydrocarbon or other organic molecule reacting with oxygen to form carbon dioxide and water and release heat. It may be expressed with the quantities: * energy/mole of fuel * energy/mass of fuel * energy/volume of the fuel There are two kinds of enthalpy of combustion, called high(er) and low(er) heat(ing) value, depending on how much the products are allowed to cool and whether compounds like are allowed to condense. The high heat values are conventionally measured with a bomb calorimeter. Low heat values are calculated from high heat value test data. They may also be calculated as the difference betw ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lower Heating Value
The heating value (or energy value or calorific value) of a substance, usually a fuel or food (see food energy), is the amount of heat released during the combustion of a specified amount of it. The ''calorific value'' is the total energy released as heat when a substance undergoes complete combustion with oxygen under standard conditions. The chemical reaction is typically a hydrocarbon or other organic molecule reacting with oxygen to form carbon dioxide and water and release heat. It may be expressed with the quantities: * energy/mole of fuel * energy/mass of fuel * energy/volume of the fuel There are two kinds of enthalpy of combustion, called high(er) and low(er) heat(ing) value, depending on how much the products are allowed to cool and whether compounds like are allowed to condense. The high heat values are conventionally measured with a bomb calorimeter. Low heat values are calculated from high heat value test data. They may also be calculated as the difference betw ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
