Colorado witnessed a decrease of 0.41% in total oil and gas production to 1,473,091.84 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production declined 1.93% in August 2021 from 1,502,142.92 boe/d in August 2020. On a YTD basis, the total oil and gas production in 2021 decreased by 6.53% from the same period in 2020.
In August 2021, oil production grew 1.65% to 417,859.16 bd as against the previous month, while gas production declined by 1.21% to 6,120.35 mmcf/d.
On a YTD basis, oil production decreased by 17% in 2021 when compared with the same period in 2020, while gas production declined by 1.76%. Out of the total oil and gas production in August 2021, oil held a 28.37% share, while gas had a 71.63% share.
In Colorado, Occidental Petroleum emerged as the largest oil and gas producer, recording a total oil and gas production at 218,393.76 boe/d in August 2021, a decrease of 2.54% from the previous month. The company held an 18.83% share in oil production and 13.24% share in gas production in August 2021.
On a YTD basis, the company registered a 14.91% decrease in total oil and gas production from the same period in 2020.
Compared with other counties in Colorado, Weld county recorded the highest oil and gas production, holding a 56.66% share in August 2021. The county witnessed a 0.49% decrease in production to 834,601.56 boe/d in August 2021 when compared with the previous month.
On a YTD basis, Weld registered a decline of 11.22% in total production 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.