What does MMcfe stand for? More importantly, what does it mean?
I've been looking at financial reports of some shale companies, and am trying to figure out how the reserves add up. I know that when we extract resources, we get a bunch of different hydrocarbons, as well as water, salt and so on. I understand BOE means barrel of oil equivalent, and MMcfe refers to the gas, but is this measured in dollars? Or potential energy?