1 / 7

Oil and Gas Terms Just the basics

Oil and Gas Terms Just the basics. April 16, 2009. Oil Terms. Bbl means a barrel of 42 U.S. gallons of oil BOE means barrels of oil equivalent BOE/D means barrels of oil equivalent per day – 1000+ is considered good for a junior. Oil Terms.

vianca
Download Presentation

Oil and Gas Terms Just the basics

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Oil and Gas TermsJust the basics April 16, 2009

  2. Oil Terms Bbl means a barrel of 42 U.S. gallons of oil BOE means barrels of oil equivalent BOE/D means barrels of oil equivalent per day – 1000+ is considered good for a junior

  3. Oil Terms Recycle Ratio: is a measure of the corporation's ability to turn invested capital into cash flow measured on a barrel of oil equivalent basis. The greater the recycle ratio, the greater the profit margin generated for shareholders.- in light of current price 1.5:1 or higher is considered good OOIP: original oil in place

  4. Oil Terms Netback:is calculated by taking all of the revenues from the oil, less all costs associated with getting the oil to a market, basically the profit per barrel. NAV: Net Asset Value considers the present value of after-tax cash flows from reserves (usually at a 10% discount rate) as well as the present value of cash flows from future exploration activity. Current Crude Price: $50.12/Bbl

  5. Gas Terms Mcf: one thousand cubic feet. Six Mcf of natural gas is approximately the energy equivalent of one barrel of oil. Mcf/d: one thousand cubic feet per day MMcf: one million cubic feet of natural gas TCF: one trillion cubic feet of natural gas

  6. Gas Terms BTU: British Thermal Unit MMBTU: one million BTU’s and is the unit of measure for Natural Gas. 1 MMBTU equals 1 MCF Spot price today is: $3.595/mmbtu

  7. Stocks to look at... Some Oil & Gas Stocks to do more due diligence on: Great Plains Explorations (TSX:GPX) Triton Energy (TSXV: TEZ) Cinch Energy (TSXV: CNH) Midnight Oil (TSX: MOX) Vero Energy (TSX: VRO)

More Related