Strauss,you missed my point entirely. I understand what you are...

Strauss,

you missed my point entirely. I understand what you are saying but I feel you are incorrect because:

BOEPD is a term based around the calorific value of oil. I.e. 1 BOEPD has the same amount of energy as 1BOPD (liquid barrel of crude).

Thus its a term of energy equivalency by definition.

Saying the production value is BOEPD does not say how much each BOEPD is worth, due to the fact you don't know the ratio of liquid to gas, and liquid is worth far more than gas.

I'm not saying you are definetely incorrect, I'm just saying its poorly worded and that if I was betting money on it, i'd say its not worth 400 BOPD but rather much much less.