June 7, 2021
Lease condensate is defined as field liquids production with API greater than 45 degrees from wells classified as oil or condensate.
Many wells produce oil, gas, and condensate at this time. Ratio of crude oil and condensate changes over time. Some states don’t report or partially report oil production by API gravity. Therefore, this chart represents only estimate of lease condensate.
Lease condensate production grew to 2,820 MBbl/d in 2020 from 1,070 MBbl/d in 2010 due to strong focus on drilling in condensate rich Tight Oil Basins.