Expert: Sherman D. - 3/24/2004

Question
If an oil well produces 50 millon cu. ft of oil a day, how many barrels of oil is that? Also how much would it make (money wise) if a barrel cost 35 dollars?

Answer
50 million ft^3 = 374 million gallons

Unit converter found at www.convert-me.com/en

Now depending on how many gallons a barrel will hold, depends on how many barrels you will have.

Barrels = (374,000,000)/g

by this i mean

take 374 million and divide that by how many gallons a barrel will hold will give you the number of how many barrels you will get.

According to the website that i gave you, it says that the answer is 8,905,000 barrels.

now take that and multiply that by 35, and you get
$311,675,000 thats if you are only selling.

If you are buying, that is how much they would cost, now depending on how much you are selling them for will depend on how much profit you will get.

P = 35s - 35b
Profit = (35 * sell price) - (35 * buying price)

If that is what you are dealing with.