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Oil & Gas ProPermalink Reply by Les Bamburg on November 9, 2010 at 4:26

PG,

"Condensate" sells at the same price as oil and costs are minimal since it only involves field separation and trucking to the nearest market access point.

"Natural Gas Liquids (NGL's)" are currently priced at ~ 60% of oil value and producers incur significant cost for removal of NGL's from natural gas in a processing plant plus the cost of pipeline transportation and product fractionation. Dependent upon the natural gas "richness" this can increase the wellhead netback price by 10-20%.

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landownerPermalink Reply by P.G. on November 9, 2010 at 4:49

Thanks

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Oil & Gas ProPermalink Reply by The_Baron on November 10, 2010 at 5:40

I heard of significant condensate production in the haughton area.

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landownerPermalink Reply by Robert Duke on November 10, 2010 at 5:53

Would the Bossier shale, being shallower, have better potential in NW LA for condensate production?

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