Could someone explain to me how production of condensate equates or translates to dry gas? What kind of money does a bbl of condensate bring to a producer? ARe they often produced together? What makes it "wet" if that is the correct term? I see this measurement on the TRRC site and have wondered how it relates to the market. Thanks!

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ALongview, in a reservoir such as the Haynesville Shale all the hydrocarbon is in a gaseous state. As you flow the natural gas to the surface some of the heavier hydrocarbon components may condense into a liquid thus the condensate. This combined stream is routed through a production separator to remove the condensate and/or produced water from the natural gas prior to sale.

Condensate is generally lighter in weight than crude oil but is typically sold for about the same price ($/Bbl).

The term "wet gas" can have one of two meanings. 1) Technically it means produced natural gas that has not yet been treated (dehydrated) to remove the entrained water vapor. Pipeline specifications require the natural gas contain no more than 7 lbs of water vapor per MMscf. 2) Oil field slang can also use the term wet gas to mean natural gas that has not been processed for removal of natural gas liquids such as propane & butane.
Thanks Jim and Les. I am always learning. That is what makes this site so great.

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