Natural Gas Conversions:

Cost per Bbl

Cost per MMBtu

Crude Oil

($/bbl)

/

5.826

= $/MMBtu

Low Sulfur Fuel (No. 6)

($/bbl)

/

6.287

= $/MMBtu

Heating Oil (No. 2)

($/bbl)

/

5.825

= $/MMBtu

($cents/gal)

/

13.859

= $/MMBtu

Propane (C3)

($/bbl)

/

3.836

= $/MMBtu

($cents/gal)

/

9.133

= $/MMBtu

Conversion to Gigajoules*

($/MMBtu)

*

0.948213

= $/GJ

($/GJ)

*

1.054615

= $/MMBtu

 Conversions to $ per barrel:

Unleaded gasoline

($cents/gal)

*

0.42

= $/bbl

Jet fuel

($cents/gal)

*

0.42

= $/bbl

Heating Oil

($cents/gal)

*

0.42

= $/bbl

 Refined Products

($/bbl)

/

0.42

= $cents/gal

 Natural Gas Volumetric Conversions:*

MMBtu

1,000 cf (one thousand cubic feet)

= 1 mcf

1,000,000 cf (one million cubic feet)

= 1 MMcf

10,000,000 cf (ten million cubic feet)

= 10 MMcf 

1,000,000,000 cf (one billion cubic feet)

= 1Bcf= 1,000,000 Mcf

1,000,000,000,000 cf (one trillion cubic feet)

= 1 Tcf = 1,000,000,000 Mcf

10,000,000 cf = 10 MMcf = 10,000 MMBtu

= 1 NYMEX contract 

1 decatherm

= 1 MMBtu

1 therm

= 0.1 MMBtu

The above conversions ASSUME a heat content of 1,000 Btu per cubic foot of gas

Quantities for NYMEX contracts are pro rated for daily delivery over one calendar month.

That is, 1 contract = 10,000 MMBtu/mo. = 333.33/day in a 30-day month