Hppc recorded an increase of 6.74% in total oil and gas production to 65.86 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Hppc declined 3.91% in August 2021 from 68.54 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production decreased by 8.6% from the same period in 2020.
The company’s oil production grew 12.47% to 53.66 bd in August 2021 from the previous month, while gas production declined by 12.5% to 0.07 mmcf/d. On a YTD basis, oil production decreased by 9.39% in 2021 when compared with the same period in 2020, while gas production declined by 5.66%. Out of the total oil and gas production in August 2021, oil production held an 81.48% share, while gas production held an 18.33% share.
Looking at the states where Hppc recorded the highest oil and gas production in August 2021, New Mexico figured at the top, accounting for a 7.05% share. The company produced 61.52 boe/d in the state in August 2021, an increase of 3.73% from the previous month.
On a YTD basis, the company produced 490.57 boe/d in New Mexico in 2021, recording a decrease of 12.54% from the same period in 2020.
Hppc witnessed the highest oil and gas production in Lea county in August 2021. Out of all the counties, Lea county held a share of 93.41% for the firm. The company produced 61.52 boe/d in Lea county in August 2021, an increase of 3.73% in production when compared with the previous month.
On a YTD basis, the county produced 490.57 boe/d for the company in 2021, a 9.34% 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.
