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February 21, 2022

Herman L Loeb records 10.21% decrease in production in October 2021

By Carmen

Herman L Loeb recorded a decrease of 10.21% in total oil and gas production to 2,024.77 boe/d in October 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Herman L Loeb declined 3.76% in October 2021 from 2,103.93 boe/d in October 2020.

On a YTD basis, the company’s total oil and gas production decreased by 3.61% from the same period in 2020.

The company’s oil production declined 15.86% to 1,183.02 bd in October 2021 from the previous month, while gas production declined by 0.81% to 4.88 mmcf/d. On a YTD basis, oil production decreased by 4.4% in 2021 when compared with the same period in 2020, while gas production declined by 2.3%. Out of the total oil and gas production in October 2021, oil production held a 58.43% share, while gas production held a 41.55% share.


Looking at the states where Herman L Loeb recorded the highest oil and gas production in October 2021, Kansas figured at the top. The company produced 1,853.01 boe/d in the state in October 2021, a decrease of 10.93% from the previous month.

On a YTD basis, the company produced 20,345.95 boe/d in Kansas in 2021, recording a decrease of 11.38% from the same period in 2020.



Herman L Loeb witnessed the highest oil and gas production in Kiowa county in October 2021. Out of all the counties, Kiowa county held a share of 21.75% for the firm. The company produced 440.48 boe/d in Kiowa county in October 2021, a decrease of 0.03% in production when compared with the previous month.

On a YTD basis, the county produced 4,290.95 boe/d for the company in 2021, a 2.95% 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.

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