Are Condensates Paid at same rate of Crude Oil

Some checks will list manu condensate in gallons which is processed out of the gas in the plant with other liquids. This is not the same as other condensate and is priced differently. One way to see the difference is to look at the severance tax rate. In Texas, condensate, like oil, is taxes at 4.6% severance tax. The manu condensate will have a 7.5% sev tax rate, like the gas and other liquids. This may be handled differently in other states.

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