Stock Tank Barrel Units

However the industry prefers to use the stock tank barrels designation so that it is clear that the volume being cited is based on surface conditions and not reservoir conditions.

Stock tank barrel units.

A stock tank barrel is commonly abbreviated as stb. Oil in place oip not to be confused with original oil in place ooip is a specialist term in petroleum geology that refers to the total oil content of an oil reservoir as this quantity cannot be measured directly it has to be estimated from other parameters measured prior to drilling or after production has begun. We have the ability to sell all of our products at a greatly reduced price due to the fact that we keep our overhead costs to a minimum and our products ship direct from the manufacturer to you eliminating the need for us to maintain a large storage facility. Oil companies that are listed on american stock exchanges typically report their production in terms of volume and use the units bbl one barrel or kbbl or mbbl one kilobarrel one thousand barrels or mmbbl one million barrels and occasionally for wider.

Standard cubic metre per standard cubic metre. Tonne of oil equivalent at a density of 840 kg sm 3 1000 sm 3 y 17 23 bbl d. Production rate 58194 sm 3 y in leap year. 1 sm 3 0 84 toe.

Production rate 17 18 bbl d in leap years 1000 bbl d 58035 sm 3 y. In this figure the stock tank pressure and temperature p st and t st are the field specific reference pressure and temperature used in all reservoir engineering calculations for crude oil and produced water when referring to liquid volumes at stock tank conditions we use the units of stock tank barrels stb. English barrel bbl or stock tank barrel stb 1 bbl 0 1590 sm 3. For gases we use standard conditions p sc and t sc as the reference.

The rangely weber sand unit rwsu operated by chevron inc was located in rio blanco county in northwestern colorado and discovered in 1933 graue and zana 1981. In the worldwide oil industry an oil barrel is defined as 42 us gallons which is about 159 litres or 35 imperial gallons. The ooip in the field was 1 6 billion stb stock tank barrels and the oil production from the field peaked at 82 000 bbl day in mid 1956 hervey and iakoakis 1991. A measure of the volume of treated oil stored in stock tanks.

Standard cubic foot per stock tank barrel. Abbreviation unit 1 base unit. Cubic metre per cubic metre.