Mcf to BOE · BOE to Mcfe · 6:1 convention or energy-content basis
Heating value, MMBtu conversions and gas energy content
Divide Mcf by 6. Six thousand cubic feet (6 Mcf) of natural gas is treated as one barrel of oil equivalent under the common industry convention, so 6,000 Mcf = 1,000 BOE.
Mcfe is thousand cubic feet equivalent, the gas-based version of BOE. Convert oil to gas at 6 Mcf per barrel: 1 bbl = 6 Mcfe. Total Mcfe = gas Mcf + oil bbl x 6.
It approximates energy equivalence. About 5.7 MMBtu per barrel of crude (EIA) divided by about 1.036 MMBtu per Mcf of dry gas gives about 5.5 Mcf per barrel; 6 is the rounded industry convention. Use the energy basis in this tool to compute a ratio from your own heat contents.
No. BOE equates energy, not price. When oil sells for much more per Btu than gas, a BOE of gas is worth much less than a barrel of oil. Enter prices above to see revenue per BOE and the implied value-parity ratio.
No. SEC Regulation S-K (17 CFR 229.1202) sets no ratio. A company that reports BOE must disclose the basis it used, and 6 Mcf to 1 bbl is the customary choice.