618I think you are missing Red Ducks point. To value the gas...

618

I think you are missing Red Ducks point. To value the gas flow you cant just take the BOE figure and multiply it by $125/bl or use it in a DCF.

i prefer this definition

The barrel of oil equivalent (bboe, sometimes BOE) is a unit of energy based on the approximate energy released by burning one barrel of crude oil.

5.8 × 106 BTU59 °F equals 6.1178632 × 109 J or about 1.70 MWh.

if you dont trust me, do a simple daily val calc based on 6700BOPD then do the same for 40mmcf/d and you will find you get two very different numbers!

Peace
Marxist