What is lease condensate?
Lease condensate: Light liquid hydrocarbons recovered from lease separators or field facilities at associated and non-associated natural gas wells. Mostly pentanes and heavier hydrocarbons. Normally enters the crude oil stream after production.
What is condensate production?
Condensate is a mixture of light liquid hydrocarbons, similar to a very light (high API) crude oil. It is typically separated out of a natural gas stream at the point of production (field separation) when the temperature and pressure of the gas is dropped to atmospheric conditions.
How much is condensate per barrel?
DeGolyer and MacNaughton Country Field Oil and Condensate Price (U.S.$/bbl) Gas Price (U.S.$/Mcf) The overall volume-weighted average oil and condensate price used in this report was U.S.$47.57 per barrel.
What is the difference between condensate and NGL?
In U.S. usage, a “plant condensate” is the equivalent of products classified as “pentanes+” and natural gasoline, and these are considered NGLs. On the other hand, U.S. usage typically does not consider “field or lease condensate” as an NGL, instead classifying these commodities as crude oil.
How is condensate produced?
Condensates form when their vapor pressure is lowered to the point that the natural gas liquids condense out of the gas stream into a liquid that can be stored at room temperature.
What is the main component of the condensate?
Typically, condensates are composed mainly of alkanes (saturated hydrocarbons, such as butane, pentane and hexane) and are low in Polycyclic Aromatic Hydrocarbons (PAH) which are typically found in crude oils. Condensates have a very low solubility in water and are highly volatile.
Where is condensate used?
Uses. Condensates are used as refinery feedstocks for the manufacture of products such as petrol (gasoline), jet fuel, diesel and heating fuels. Some condensates, particularly those with a high paraffin content, are used for the manufacture of ethylene.
What is the price of WCS oil?
Oil Price Charts
| Futures & Indexes | Last | Last Updated |
|---|---|---|
| Western Canadian Select | 60.36 | (11 Hours Delay) |
| Dubai | 78.95 | (1 Day Delay) |
| Brent Weighted Average | 82.42 | (1 Day Delay) |
| Louisiana Light | 79.03 | (1 Day Delay) |
How much is Canadian oil sands?
The oil sands have an estimated $325 billion of capital investment to date, including $10.2 billion in 2019.
How is condensate formed?
Condensate is the liquid formed when steam passes from the vapor to the liquid state. In a heating process, condensate is the result of steam transferring a portion of its heat energy, known as latent heat, to the product, line, or equipment being heated.
Why is condensation referred to as lease condensate?
It is called lease condensate because the condensation process occurs in the field vs. a processing plant. What is Plant Condensate? After NGL stabilization, separation, and fractionation, the remaining product is often referred to as plant condensate.
How is condensate processed in the oil industry?
It can be blended with other heavier crude streams or sent to market directly by pipeline or tanker. Condensate can be processed in a refinery if blended with more conventional crude. Alternatively, it can be sent directly to a condensate splitter for separation into its components.
How is condensate separated from a natural gas field?
Condensate Also known as: Lease condensate Condensate is a mixture of light liquid hydrocarbons, similar to a very light (high API) crude oil. It is typically separated out of a natural gas stream at the point of production (field separation) when the temperature and pressure of the gas is dropped to atmospheric conditions.
What is condensate and why is its export prohibited?
What Exactly is Condensate and Why is its Export Prohibited? Condensate is a very light hydrocarbon with an American Petroleum Institute (API) specific gravity of greater than 50 degrees and less than 80 degrees. In underground formations condensate can exist separately from the crude oil or dissolved in the crude oil. Plant and Field Condensate