Barrels Of Oil Equivalent Per Day - BOE/D: Barrels of oil equivalent per day (BOE/D) is a term that is used often in conjunction with the production or distribution of crude oil and natural gas Just going off my memory banks, the worldwide production of oil is around 90 million barrels per day, about 30 million comes from OPEC and 10 million of that is Saudi Arabian. The US produces 10 million barrels of day in 2016–2017, rivaling Saudi First, rigs don’t produce. Rigs drill wells. Some wells produce, some don’t. You don’t say where the well would be drilled, how deep, objective formation, etc. You don’t say the terms of the deal. You’re probably getting promoted. Are your costs s