LAOIL + 33 OS January 24, 2018 All this talk about the US becoming the biggest producer in the world has opened up a debate about the quality of that crude, light vs heavy and condensates .... Anyone got a good handle on this? Quote Share this post Link to post Share on other sites
Rodent + 1,424 January 24, 2018 "Increasing production of light crude oil in low-permeability or tight resource formations in regions like the Bakken, Permian Basin, and Eagle Ford (often referred to as light tight oil) account for nearly all the net growth in U.S. crude oil production." per the EIA. So... WTI. https://www.eia.gov/analysis/petroleum/crudetypes/pdf/crudetypes.pdf Quote Share this post Link to post Share on other sites
Seleskya + 50 AS January 24, 2018 I hear people talking about US production growth being driven by 'condensate', but I'm not sure this is the same as light, tight oil. Quote Share this post Link to post Share on other sites
TraderTate + 186 TS January 24, 2018 Condensate isn't really crude as far as I know, and isn't good enough to meet all the supply needs of refiners. But I'm not sure where the real breakdown is in US production in terms of condensate vs light oil. Quote Share this post Link to post Share on other sites