Fossil Petroleum recorded an increase of 22.76% in total oil and gas production to 293.21 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Fossil Petroleum grew 26.69% in November 2021 from 231.44 boe/d in November 2020.
On a YTD basis, the company’s total oil and gas production increased by 11.78% from the same period in 2020.
The company’s oil production grew 29.75% to 124.69 bd in November 2021 from the previous month, while gas production up by 17.07% to 0.96 mmcf/d. On a YTD basis, oil production increased by 6.74% in 2021 when compared with the same period in 2020, while gas production rose by 14.85%. Out of the total oil and gas production in November 2021, oil production held a 42.53% share, while gas production held a 56.45% share.
Looking at the states where Fossil Petroleum recorded the highest oil and gas production in November 2021, Texas figured at the top, accounting for a 100% share. The company produced 293.21 boe/d in the state in November 2021, an increase of 22.76% from the previous month.
On a YTD basis, the company produced 2,705.43 boe/d in Texas in 2021, recording an increase of 11.78% from the same period in 2020.
Fossil Petroleum witnessed the highest oil and gas production in Irion county in November 2021. Out of all the counties, Irion county held a share of 68.18% for the firm. The company produced 199.91 boe/d in Irion county in November 2021, an increase of 16.15% in production when compared with the previous month.
On a YTD basis, the county produced 1,909.49 boe/d for the company in 2021, a 5.21% decrease 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.