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When the liquefiable hydrocarbons are characterized as being hexane or higher molecular weight components, they are reported as GPM (C6+). [2] [3] However, the quality of raw produced natural gas is also often characterized by the term GPM meaning the gallons of liquefiable hydrocarbons contained in 1,000 cubic feet (28 m 3) of
Bcf – billion cubic feet (of natural gas) Bcf/d – billion cubic feet per day (of natural gas) Bcfe – billion cubic feet (of natural gas equivalent) BD – bursting disc; BDF – below derrick floor; BDL – bit data log; BDV – blowdown valve; BGL – borehole geometry log; BGL – below ground level (used as a datum for depths in a well)
The price of natural gas varies greatly depending on location and type of consumer. The typical caloric value of natural gas is roughly 1,000 BTU per cubic foot, depending on gas composition. Natural gas in the United States is traded as a futures contract on the New York Mercantile Exchange. Each contract is for 10,000 million BTU or 10 ...
Price per million BTU of oil and natural gas in the US, 1998-2015. Natural gas prices, as with other commodity prices, are mainly driven by supply and demand fundamentals. However, natural gas prices may also be linked to the price of crude oil and petroleum products, especially in continental Europe.
The natural gas condensate is also called condensate, or gas condensate, or sometimes natural gasoline because it contains hydrocarbons within the gasoline boiling range, and is also referred to by the shortened name condy by many workers on gas installations. Raw natural gas used to create condensate may come from any type of gas well such as ...
The heating value depends on the source of gas that is used and the process that is used to liquefy the gas. The range of heating value can span ±10 to 15 percent. A typical value of the higher heating value of LNG is approximately 50 MJ/kg or 21,500 BTU/lb. [2] A typical value of the lower heating value of LNG is 45 MJ/kg or 19,350 BTU/lb.
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