Finding the Fluids: Following the Profit Margins with Fluid Condensate
Condensates are a group of hydrocarbons that don’t easily fit into the common product categories of oil and gas. A carbon number scale is used to measure these hydrocarbons, reflecting the number of carbon atoms found within each molecule. The lower the number the lighter, gassier, and more volatile the molecule. A condensate usually falls somewhere between C4 and C12. For comparison, Bitumen has an average carbon number of 35 and above.
Condensate is typically obtained after the transition of a gaseous substance into a liquid state due to a drop in pressure and/or temperature. When a well is drilled, the drop in pressure and temperature forms a gas condensate. These fluids are transparent, with colour ranging from eggshell to cocoa due to oil mixture and depth.
A Profitable Condensation
Because condensate is both a heavy Natural Gas Liquid and a super light oil it’s incredibly versatile and therefore very profitable. Compared to regular crude oil, condensate requires less refining processes to reach a desired point. This makes it a very economical option from the start.
In Canada it’s used in a little-processed form to dilute heavy oil from the oil sands, driving condensate demand and increasing prices. Once further processed, condensate can be used to produce petrol, diesel, jet fuel, and kerosene as well as used as a resource to produce synthetic materials.
Due to its versatility, the demand for condensate is immense, making it a lucrative option for you and your business.
Incentivizing and Monetizing
PIT understands that with gas prices as low as they currently are, it can be difficult to justify the cost of operating and maintaining your well. But, while the cost of gas has dropped, the price of condensate remains strong.
If you operate shale wells, gassy oil wells, gas-locking pumpjacks, etc, it is very likely that you are operating a well literally dripping with condensate.
To encourage our customers to branch out and reap the rewards of condensate, PIT is proud to announce a sale to help you increase your fluid lifting at a reduced cost! We’ve put together some of our best selling and most positively received lubricators, plungers, and bottom hole tools into packages to maximize your well’s liquid recovery.
Both our Econo Line and Services Line are available at a reduced cost to allow our customers to optimize their wells at a fraction of the cost without sacrificing any of PIT’s expected quality.
Stop worrying about the price of gas, start producing condensate!
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