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Pennant Energy Inc PENFF

Energy Oil & Gas E&P


GREY:PENFF - Post by User

Pennant Energy Inc
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Post by statesideon Jan 20, 2012 9:33pm
246 Views
Post# 19430099

Free homework on condensates

Free homework on condensates

The DEE well, in addition to 12.5mmcf/d of nat gas, flowed 770 barrels of condensate/day. Note the pricing for condensate similar to oil:

https://www.paalp.com/_filelib/FileCabinet/Crude%20Oil%20Price%20Bulletins/Daily/2012/2012-008_January_13_2012.pdf

The well also flowed 360-400 b/d of ngl's. I'll let others do the homework on NGL pricing.

Obviously this is more than a NG play. The market will catch on eventually -

stateside

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