Thank you.
On Sep 26, 12:41 pm, Liz <[EMAIL PROTECTED]> wrote:
> http://tonto.eia.doe.gov/dnav/ng/hist/n9190us3M.htm
>
> On Sep 26, 12:29 pm, JHF <[EMAIL PROTECTED]> wrote:
>
>
>
> > 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 -- 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
-~----------~----~----~----~------~----~------~--~---
