The price of natural gas is often expressed in currency units per energy content. For example, US dollars per million BTU (USD per MMBtu or ~1,000 cubic feet of natural gas). We can use the following conversion chart to convert millimeters into different metric units of length. Daily energy production and consumption is expressed in barrels of oil equivalent per day or BOE/D. This unit is important to the financial community because it is a way to help evaluate the performance of energy companies.

Why are mm called mm?

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1,000 what is mm of natural gas contains about 1/6 of the energy content of a single barrel of oil. That quantity of natural gas is “equivalent” to one barrel of oil. In finance and accounting, MM (or lowercase “mm”) denotes that the units of figures presented are in millions. Thus, MM is the same as writing “M multiplied by M,” which is equal to “1,000 times 1,000”, which equals 1,000,000 . This guide will explore how the notation should be used, as well as alternative symbols that are used in practice.

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If 1,000 multiplied by 1,000 equals 1,000,000, and 1,000 equals M, then we can use the abbreviations to create calculations. Within finance and accounting, we often find something quite different. For example, a thousand is often abbreviated as , a million is abbreviated as , and a billion is abbreviated as or . In money and finance, the abbreviation ”MM” stands for millions. The Structured Query Language comprises several different data types that allow it to store different types of information… Unfortunately, there isn’t a consistent approach to labeling units.

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British Dictionary definitions for mm (1 of

“Millimeter” is a unit of length that equals one-thousandth of a meter. It is a small unit of measurement compared to the centimeter, meter, inches, and feet we are familiar with. We often find the abbreviation on financial statements, which stands for millions. Unfortunately, this practice can occasionally cause confusion within the financial industry as multiple numerical abbreviations are used interchangeably within society. A unit of abbreviation, the Roman numeral, MM, is frequently used to represent a million. M means a thousand, so MM is the sum if you multiply M by M, or 1,000 multiplied by itself equals 1,000,000.

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A millimeter is a small unit of displacement (length/distance) in the metric system. However, the acronym GPM is also a measurement for natural gas meaning gallons per Mcf, or gallons of NGLs produced per thousand cubic feet of gas processed. It’s a means for measuring the difference between lean and rich gas – as measured by the BTU of the gas and its GPM.

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