RE:CondensateThanks for the clarrifications.
It looks like it is not possible to extract condensate without also producing NG and I am sure the percentages varry depending on the geographical area too.
Does Arc have any kind of storage for any of their products so that they can sell at favourable pricing? Is it even worth the associated costs of storage? It seems that is what AECO is for but it seems to fail Alberta's NG producers as Henry Hub pricing out paces it regularly these days. I have noticed that Peyto has stated they are letting AECO contracts expire if favour of HH exposure.
I generally don't worry about these problems as that is management's concern and I do trust them to make the best decisions for Arc otherwise I would not be invested but, in the interest of being better informed, I do appreciate an informative discussion and your responses.
Shaleguy wrote: Well technically you guys are both right. Raw condy at Kakwa varies greatly, in the south west it's clear like moonshine, and pilsnerish in nest two and light oil in nest one. At Kakwa, a typical liquid analysis has some NGL's but tends more towards C7, C8 and C9. Pembina has a rigid condy spec from a density of 775 to 650 or an API of 50 to 85 degrees API. The kicker is the vapour pressure requirements of 103 kpa. What this means is that you have to run your Condy through a stabilizer at roughly 175 kpa and 50 degrees C to drive off all NGL's, otherwise you have what's known as wild condensate, which is volatile as hell and very, very dangerous. As you all know, the Condy is mixed at a 33 % ratio for 8 API oilsands. Hope this helps. If you have in stabilized Cindy, you face a 20 dollars haircut and have to truck to Edmonton.