I am glad you mentioned your statement regarding the crude oil and condensate windows of the eagleford, sirkiteman. It really shows how you need to dig deeper (no pun intended) when understanding the EFS. As Trader mentioned, the volatile oil & condensate window is the sweet spot of the Eagleford, particularly to the north near the boundary of the oil window.
The oil window (I'm talking well into the oil window, not near the border of the condensate window) is largely comprised of a low-pressured reservoir which consequently struggles to produce economic rates of hydrocarbons. Sure, the production is 90% oil (which you're right, is more valuable), but overall hydrocarbon recoveries are far, far inferior, and so are well economics. In a reasonable area of the oil window, you might produce 250 Mboe of oil per well, which might be similar to a much sweeter spot in the condensate window. The difference is though, that the oil window well might only produce ~25-50 Mboe of condensate/gas, where-as the condensate window well could produce another ~250 Mboe in condensate/gas. (those numbers are very, very conservative if we're talking about the sweet spot of the condensate window, near Karnes/DeWitt, I'm just trying to demonstrate something).
Q: AUT's record breaking take-over, guess where that acreage is?
A: Purely in the Condensate window.
Q: Devon's gigantic take-over of GeoSouthern, guess where that acreage is?
A: The vast majority is in the Condensate window.
You'll notice a trend in regards to the condensate sweet spot, if you look at the M&A activity occurring in the Eagleford.
