The difference between wet & dry gas:
Dry Gas - A Dry Gas Well will produce Methane (Natural Gas) along with a small fraction of impurities such as Nitrogen, Carbon Dioxide & Hydrogen Sulfide.
Wet Gas - The production from a Wet Gas Well will be primarily Methane, but will also produce a small percentage of ethane, propane, butane, pentane, hexane, and other hydrocarbons of low molecular weight. These wells are also subject to producing a small fraction of impurities such as Nitrogen, Carbon Dioxide & Hydrogen Sulfide.
The Hydrocarbons with higher molecular weight condense on surface to form a liquid called condensate. Condensate can be sold at a premium to crude oil because these are some of the more desirable molecules that refineries extract from crude oil. Even a small amount of condensate production add considerably to an operator's bottom-line.
Condensate production from Burkley-Phillips#1 is not likely. This is in true not a negative; condensate production can cause a number of costly problems when it condenses while still in the well. The lack of condensate will ensure a steady production rate from the Burkley-Phillips#1.
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One of the more interesting facts about this well is one that is not often discussed: There are less than a dozen well-heads in existence that are rated to withstand the pressures in the Burkley-Phillips#1. This gives investors an idea of how rare & high the reservoir pressures within this well are. This pressure is why this well will produce at high rates for decades to come...
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