Defining Condensate More than Semantics for U.S. Exporters

SUGAR LAND--November 26, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--Generally, it is accepted that crude oil will have a higher viscosity than what is considered condensate, or natural gas liquids (NGLs), as it contains longer carbon-chain hydrocarbons. But what about crude oil that is made up of mostly lighter hydrocarbons? Is it still crude oil, or has it become condensate? While this may sound like an issue of semantics, it is precisely the question now being debated by regulators.

Within this article: Overview of nomenclature for natural gas liquids.

Other companies featured: Enterprise Products Partners LP (NYSE:EPD), Pioneer Natural Resources Company (NYSE:PXD)