Cel Properties recorded an increase of 142.29% in total oil and gas production to 274.27 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Cel Properties grew 1622.8% in August 2021 from 15.92 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production increased by 158.19% from the same period in 2020.
The company’s oil production grew 96.12% to 43.99 bd in August 2021 from the previous month, while gas production up by 152.83% to 1.34 mmcf/d. On a YTD basis, oil production increased by 43.45% in 2021 when compared with the same period in 2020, while gas production rose by 253.85%. Out of the total oil and gas production in August 2021, oil production held a 16.04% share, while gas production held an 84.23% share.
Looking at the states where Cel Properties recorded the highest oil and gas production in August 2021, Louisiana figured at the top, accounting for a 100% share. The company produced 274.27 boe/d in the state in August 2021, an increase of 142.29% from the previous month.
On a YTD basis, the company produced 532.08 boe/d in Louisiana in 2021, recording an increase of 158.19% from the same period in 2020.
Cel Properties witnessed the highest oil and gas production in Jefferson Davis county in August 2021. Out of all the counties, Jefferson Davis county held a share of 100% for the firm. The company produced 274.27 boe/d in Jefferson Davis county in August 2021, an increase of 142.29% in production when compared with the previous month.
On a YTD basis, the county produced 532.08 boe/d for the company in 2021, a 158.19% increase from the same period in 2020.
All publicly announced wells data are included in this analysis, which is drawn from GlobalData’s USL48 database that provides insights into oil and gas permits and wells as disclosed by state ministry sites.
GlobalData collects the latest production data and analyses the trends when it is made available for public disclosure by state ministries. Differences, if any, between the period of activity and the article date may be attributed to delays in the issuance of data.