Trace gas Trace gas The most abundant gases in the atmosphere are nitrogen (78.1%), oxygen (20.9%), and argon (0.934%). Combined, oxygen, argon, and nitrogen make up 99.934% of the gases in the atmosphere (not including water vapor). The other gases that are not part of the 99.934% of the atmosphere are called trace gases. The abundance of a trace gas can range from a few parts per trillion (ppt) by volume to several hundred parts per million by volume (ppmv). When a trace gas is added into the atmosphere, that process is called a "source". There are two possible types of sources
Natural gas in the United States was still increasing. The most commonly quoted producer price for natural gas is the Louisiana-based Henry Hub price, which is futures-traded on NYMEX. A barrel of oil releases about 5.8 million BTU when burned, so that 5.8 MCF of gas (at the standard one thousand BTU per cubic foot) releases about the same energy as a barrel of oil. Sometimes gas containing 5.8 million BTU is defined as a "barrel of oil equivalent for energy calculation purposes. When describing reserves or production, however, the oil and gas industry more commonly uses the rounded number of 6 MCF of gas (or