Crude oil natural gas ratio
Crude Oil to Natural Gas Price Ratio is at a current level of 26.30, down from 27.27 the previous market day and up from 24.89 one year ago. This is a change of -3.59% from the previous market day and 5.66% from one year ago. Up until 2009, the oil price to natural gas averaged 10:1, meaning when oil was at $50 a barrel, natural gas would be at $5 per MMBtu. The higher the oil price to natural gas ratio, the greater Gas Oil Ratio is the volume of gas that is produced from crude oil when the oil is being extracted from the reservoir to the earth's surface through production tubing. This is generally related to associated gas (AG) or saturated gas in the oil reservoir. It is represented as standard cubic feet per stock tank barrel (scf/stb).