Gas is periodically tested or assessed for before entering big pipeline where it is commingled with other gas for transportation to the processing plant. Operator needs to know whether the the gas is dry (plain gas) or wet gas (contains liquids which are separated at the processing plant and sold separately for remaining dry gas). Generally the severed products are more valuable than the plain gas. All gas goes to a plant where it is processed. The question is where it is sold - at the wellhead or at the plant after transporting and processing. The liquid products are ethane, propane, butane, iso-propane, and gasoline - percentages vary and most operators combine and average value based on volumes in gallons. Some manu condensate can be produced, and is not the same as condensate from a true gas well. As RRC field rules are now mixing up oil and gas wells, you need to look at completion reports to see gas/oil ratio to see how well would be defined under statutory rules. That and the oil gravity will give you a better idea as to whether it is really oil or condensate. Some expert on this forum will be able to give you a more coherent explanation of this complicated area. Keep reading and researching.
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