A bbl in arkansas is a barrel of oil that is 42 gallons.
What is the average price of a barrel of oil in Arkansas?
A barrel of oil typically costs between $50 and $60 in Arkansas. The average price of oil has fluctuated greatly in recent years, but has remained relatively stable in recent months. The price of oil is a key factor in the Arkansas economy, as the state is home to a number of oil and gas companies. In addition, the price of oil affects the cost of gasoline and other products that use oil as a key ingredient.
How much does it cost to transport a barrel of oil in Arkansas?
It costs about $9 to $12 per barrel to transport oil in Arkansas.
Frequently Asked Questions
How much is a barrel of oil worth?
The average barrel of oil is worth $112.
How many barrels of oil does Arkansas produce per day?
Arkansas produces around 2.5 million barrels of crude oil per day as of 2016.
What is the profit of an oil company?
The profit of an oil company depends on the costs it needs to produce 1 barrel of oil, technically spoken 1 barrel of oil equivalent (boe). Many European companies are pure oil producers and give direct clues about production costs of that commodity. The price of a barrel of oil can be broken down into many different components and is determined by variables like world demand, supply and production. These companies usually have revenue derived from crude oil and products like gasoline. Costs associated with producing this product can vary greatly based on location, type of asset, technology used, regulatory environment and other conditions in a particular region or country.
How much is a barrel of oil worth in SCF?
An barrel of oil is worth around $60 in SCF.
How much is a barrel of crude oil?
A barrel of crude oil is 336 pints.
