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Posted on 8/13/18 at 8:57 am to LSUChamp06
Someones here to brag their employed
Posted on 8/13/18 at 8:58 am to GrammarKnotsi
quote:
This makes 0 sense
Roman numerals baw
Posted on 8/13/18 at 8:58 am to SeabrookTiger
quote:
We use K and M where I'm at. K for Kilo, M for Million. Bossman said it's back assward to use MM when theres only one M in Million. Gotta agree with him there
Your boss's logic is so dumb it's actually making my head hurt thinking about it right now.
Posted on 8/13/18 at 9:00 am to LSUChamp06
The proper shorthand for million has always been MM.
Posted on 8/13/18 at 9:03 am to LSUChamp06
quote:
I worked in accounting/finance for about a decade for an upstream O&G company
Do you have nuts on your Prius ?
Posted on 8/13/18 at 9:06 am to LSUChamp06
quote:
I’ve even seen 3k MCF which I thought was atrocious.
That is definitely atrocious. Considering that MCF is the midstream standard for “thousand cubic feet” I have no idea what 3k MCF is supposed to mean.
When it comes to flow measurements, I have never seen one M used for “million”. Downstream, refineries often use MBD to describe capacity in thousand of barrels per day.
As far as dollar figures, I’ve seen the opposite.. I usually see $5M for million or $500k for thousand.
It gets weird with energy measurements. If it’s metric, it’s usally k for thousand or M for million per the metric system norms e.g. kW or MW. If it’s imperial units, it’s usually the opposite e.g. MBTU or MMBTU.
This post was edited on 8/13/18 at 9:09 am
Posted on 8/13/18 at 9:06 am to mylsuhat
quote:
MMBBL
Let’s talk about this one. Why are there two B’s in the abbreviation for barrel?
Posted on 8/13/18 at 9:08 am to TheIndulger
quote:
Let’s talk about this one. Why are there two B’s in the abbreviation for barrel?
quote:
In the early 1860's, when oil production began, there was no standard container for oil, so oil and petroleum products were stored and transported in barrels of all different shapes and sizes (beer barrels, fish barrels, molasses barrels, turpentine barrels, etc.). By the early 1870's, the 42-gallon barrel had been adopted as the standard for oil trade. This was 2 gallons per barrel more than the 40-gallon standard used by many other industries at the time. The extra 2 gallons was to allow for evaporation and leaking during transport (most barrels were made of wood). Standard Oil began manufacturing 42 gallon barrels that were blue to be used for transporting petroleum. The use of a blue barrel, abbreviated "bbl," guaranteed a buyer that this was a 42-gallon barrel.
Posted on 8/13/18 at 9:15 am to LSUChamp06
Work in downstream O&G finance and use MM for millions and usually K for 1,000’s only in emails. For reporting we usually use MM and report in millions.
Posted on 8/13/18 at 9:16 am to lostinbr
This adds to my point. Kilo and Mega are meant to modify units of measurement like watts, meters, joules, etc. Kilodollar and Megadollar do not make sense.
3k MCF is supposed to be 3 MMCF as it is written in our annual reports.
3k MCF is supposed to be 3 MMCF as it is written in our annual reports.
Posted on 8/13/18 at 9:18 am to LSUChamp06
Without reading this thread, do any of you dumbasses know roman numerals?
Edit M x M is one million
Edit M x M is one million
This post was edited on 8/13/18 at 9:20 am
Posted on 8/13/18 at 9:21 am to LNCHBOX
quote:
Your boss's logic is so dumb it's actually making my head hurt thinking about it right now. ?
It's close to one of the dumbest things I've heard him say but if I'm being honest not even in the Top 10.
Posted on 8/13/18 at 9:21 am to The Torch
Haha! While I am a “paperbitch” I do not drive a tampon on wheels.
Posted on 8/13/18 at 10:14 am to LSUChamp06
quote:
I’ve even seen 3k MCF which I thought was atrocious.
Why is that atrocious? Sounds like $8,800. +-
Posted on 8/13/18 at 10:16 am to LSUChamp06
quote:
it was commonplace to use $M for 1,000 and $MM for 1,000,000.
Engineers you M and MM
Posted on 8/13/18 at 10:45 am to GrammarKnotsi
M is for mil which is the latin prefix of 1,000 (think M in Roman numerals). MM is 1,000 x 1,000 which is 1 million. I personally use K and MM for thousand and million respectively but I'm not in accounting.
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