Hppc records 3.81% increase in production in September 2021

Hppc recorded an increase of 3.81% in total oil and gas production to 68.37 boe/d in September 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Hppc grew 6.56% in September 2021 from 64.16 boe/d in September 2020.

On a YTD basis, the company’s total oil and gas production decreased by 7.04% from the same period in 2020.

The company’s oil production stood at 53.66 bd in September 2021, while gas production up by 28.57% to 0.09 mmcf/d. On a YTD basis, oil production decreased by 8.41% in 2021 when compared with the same period in 2020, while gas production. Out of the total oil and gas production in September 2021, oil production held a 78.48% share, while gas production held a 22.7% share.

Looking at the states where Hppc recorded the highest oil and gas production in September 2021, New Mexico figured at the top, accounting for a 6.98% share. The company produced 63.92 boe/d in the state in September 2021, an increase of 3.9% from the previous month.

On a YTD basis, the company produced 554.49 boe/d in New Mexico in 2021, recording a decrease of 11.29% from the same period in 2020.

Hppc witnessed the highest oil and gas production in Lea county in September 2021. Out of all the counties, Lea county held a share of 93.49% for the firm. The company produced 63.92 boe/d in Lea county in September 2021, an increase of 3.9% in production when compared with the previous month.

On a YTD basis, the county produced 554.49 boe/d for the company in 2021, an 8.19% 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.