Billions of cubic feet equivalent (BCFE)

Billions of cubic feet equivalent (BCFE),

Definition of Billions of cubic feet equivalent (BCFE):

  1. Billions of cubic feet equivalent (BCFE) is a natural gas industry term typically used to measure the amount of natural gas that is either untapped in reserves or that which is being pumped and delivered over extended periods of time (such as months or years).

  2. A term used by the natural gas industry to describe large amounts of natural gas. This term is usually used to describe the amount of reserves or the amount of natural gas consumed over a period of months or years. The term is also used to compare the amount of energy produced by natural gas with the amount produced by other sources, such as oil. The energy produced by 6,000 BCFE of natural gas is equal to the energy produced by one barrel of oil.

  3. The expression "equivalent" is used to describe the equivalent amount of energy liberated by the burning of this type of fuel versus crude oil, with every 6,000 cubic feet of natural gas being equal (or equivalent) to one barrel of oil.

How to use Billions of cubic feet equivalent (BCFE) in a sentence?

  1. BCFE is a measure of the amount of natural gas reserves and is made in terms equivalent to the energy in a standardized amount of crude oil.
  2. BCFE for a company is often listed in its annual report and may be a regulatory requirement by the SEC for publicly traded natural gas companies.
  3. Billions of cubic feet equivalent (BCFE) is a term used to understand how much earnings potential a natural gas producer may have.

Meaning of Billions of cubic feet equivalent (BCFE) & Billions of cubic feet equivalent (BCFE) Definition