What is APA? APA stands for American Psychological Association and is a common formatting style for essays and papers in the social sciences. APA style has unique formats for in-text citations and reference pages. Its style and guidelines increase the ease of reading comprehension for viewers as well as ensure consistent presentation of content and written material.
In this calculation weâll use an ethane heat content of 66,500 BTU per gallon. The top boxes in Figure #1 show the conversion of the ethane price per gallon to dollars per MMbtu. So if the price of ethane is 22 cents, divide by 66,500 and multiply by 1,000,000 to yield an equivalent gas price of $3.31/MMbtu.
For instance, ethane currently trades at $0.26/gallon, but it trades at $0.26/0.0657 per MMBtu or $3.99/MMBtu. Line C represents the current natural gas price per MMBtu, which is currently $3.65.Line D represents the ânatural gas shrinkâ, which is Line B multiplied by Line C. Let us use ethane as an example to explain what the significance of the natural gas shrink is. Natural gas is currently trading at $3.65/MMBtu.To get the energy equivalent basis per gallon of ethane we multiply that by the conversion factor of 0.0657 to get $0.24/gallon. Line E represents the margin per gallon.Since the value of ethane is $0.26/gallon and for the same amount of MMBtuâs the value of natural gas is $0.24 per gallon of ethane, the margin is $0.26 minus $0.24 or $0.02.Line F represents what a sample mix of NGLs might look like within a raw gas stream.ine E represents the margin per gallon. Since the value of ethane is $0.26/gallon and for the same amount of MMBtuâs the value of natural gas is $0.24 per gallon of ethane, the margin is $0.26 minus $0.24 or $0.02.