Barrel of Oil Equivalent (boe)
The unit an oil and gas producer reports its production and reserves in, with gas converted at 6,000 cubic feet (6 mcf) to one barrel because that much gas holds about the energy of a barrel of oil. The conversion is of energy, not value: at most prices a boe of gas sells for a fraction of a barrel of oil, so two producers with the same output in boe can earn very different revenue.
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