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November 30, 2021

Chipcore records 12.13% decrease in production in August 2021

By Carmen

Chipcore recorded a decrease of 12.13% in total oil and gas production to 94.93 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Chipcore grew 7.95% in August 2021 from 87.94 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production increased by 34.61% from the same period in 2020.

The company’s oil production declined 8.17% to 91.68 bd in August 2021 from the previous month, while gas production declined by 60% to 0.02 mmcf/d. On a YTD basis, oil production increased by 28.54% in 2021 when compared with the same period in 2020, while gas production rose by 185.71%. Out of the total oil and gas production in August 2021, oil production held a 96.58% share, while gas production held a 3.63% share.


Looking at the states where Chipcore recorded the highest oil and gas production in August 2021, Wyoming figured at the top, accounting for a 100% share. The company produced 94.93 boe/d in the state in August 2021, a decrease of 12.13% from the previous month.

On a YTD basis, the company produced 837.4 boe/d in Wyoming in 2021, recording an increase of 34.61% from the same period in 2020.



Chipcore witnessed the highest oil and gas production in Johnson county in August 2021. Out of all the counties, Johnson county held a share of 77.58% for the firm. The company produced 73.65 boe/d in Johnson county in August 2021, a decrease of 5.81% in production when compared with the previous month.

On a YTD basis, the county produced 555.83 boe/d for the company in 2021, an 18.66% increase from the same period in 2020.



Methodology

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.

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