Energy Equivalent Basis definition
Energy Equivalent Basis means the equivalent of Natural Gas in Barrels of Crude Oil with fifty-eight hundred (5800) standard cubic feet of Natural Gas being equivalent to one (1) Barrel of Crude Oil.
Energy Equivalent Basis means the equivalent of Natural Gas in Barrels of Crude Oil with 5,800 standard cubic feet of Natural Gas being equivalent to one Barrel of Crude Oil.
Energy Equivalent Basis means the equivalent of Natural Gas in Barrels of Crude Oil with 6,000 standard
Examples of Energy Equivalent Basis in a sentence
In computing the relevant production, Natural Gas production shall be added to Crude Oil production after converting to Barrels of Crude Oil on an Energy Equivalent Basis.
More Definitions of Energy Equivalent Basis
Energy Equivalent Basis means on the basis of adjusting for the differing energy content of various fuels. For example, a gallon of diesel has approximately 10% more energy than a gallon of gasoline.