Condensate oil or also known as Gas Condensate, It’s a type of ultralight oil that’s flowing in huge quantities out of shale plays from Texas to Pennsylvania. When underground condensate is mostly a gas, but it condenses into a liquid when pumped to the surface.
Any condensate is obtained after the transition of a gaseous substance into a liquid state due to a drop in pressure or temperature. There are not only gas fields but also gas condensate fields in the subsurface. When pressure and temperature decrease as a result of drilling a well, gas condensate a mixture of liquid hydrocarbons separated from gas is formed.