IIRC, each cubic foot of Bakken gas averages 1700 BTUs. The price for Natural gas on the NYMEX is quoted per MM BTUs (1 million BTUs). Wellhead gas is not ready for market. It must pass through a processing facility where water, impurities and marketable by-products are filtered out and the gas is compressed to be introduced into the pipeline system. Therefore, well production figures do not exactly correspond to the market spot or futures price indices.
Does anyone have a reference to the wellhead price on natural gas? On Sep 26, 12:06 pm, "Sweet, But Crude" <[EMAIL PROTECTED]> wrote: > This is all very interesting, frankly. But, yes: the well head price > of gas per MCF (maybe for July or August) would help in managing > expectations for my interest (which is under tight hole until 11/8, so > all I have is "Production Runs" data). > > On Sep 26, 11:50 am, DepME <[EMAIL PROTECTED]> wrote: > > > > > Correct me if I'm wrong but isn't worrying about btu's and > > temperatures running off in the wrong direction? All we need is a > > wellhead price of oil and wellhead price of gas. Then it's just a > > simple math problem. For example: > > > If oil was $100 / barrel and gas was $10 / MCF, then it would take 10 > > MCF to equal 1 barrel of oil. So if a well produced 3000 MCF of gas, > > that would be the same as 300 barrels of oil. > > > On Sep 26, 8:59 am, dkwilk <[EMAIL PROTECTED]> wrote: > > > > 1 MCFT is 1,000 cubic ft of gas. 1 mcft adjusted for sea level air > > > pressure and 70 degrees should yield 1,000,000 btu's/ ALL NG varies in > > > BTU content. i believe the Bakken NG is approx 1.4 MMbtus per 1 mcft. > > > 6 MCFt should be equal to 1 barrel of oil , or 6MM btu's. > > > so if oil is $100 per barrel and NG is $ 7.50 per Mcft. there is a > > > pricing dis-connect. don > > > > On Sep 26, 8:15 am, "Sweet, But Crude" <[EMAIL PROTECTED]> wrote: > > > > > Okay, help me here: define "MCF": is is metric cubic foot, or thousand > > > > cubic feet (the latter, I assume). > > > > > Also, what does 6 MCF to 1 BBL mean...in value? Like 6 mcf of gas > > > > have roughly the same market value as 1 bbl of oil? > > > > > EXAMPLE: 6 MCF of gas would have a par value of about $120 this > > > > month? Or, $20 per MCF, GENERALLY speaking? > > > > > On Sep 26, 7:57 am, ggwhitten <[EMAIL PROTECTED]> wrote: > > > > > > It is 6 mcf to 1 barrel of oil. > > > > > > On Sep 25, 2:00 pm, DepME <[EMAIL PROTECTED]> wrote: > > > > > > > Can anyone give me a general rule to convert the MCF gas figure into > > > > > > equivalent barrels of oil.- Hide quoted text - > > > > > > - Show quoted text -- Hide quoted text - > > > > > - Show quoted text -- Hide quoted text - > > > - Show quoted text -- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Bakken Shale Discussion" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/bakken-shale-discussion?hl=en -~----------~----~----~----~------~----~------~--~---
