Key Operating recorded an increase of 8.76% in total oil and gas production to 562.26 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Key Operating declined 13.34% in August 2021 from 648.83 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production decreased by 21.97% from the same period in 2020.
The company’s oil production declined 1.42% to 384.59 bd in August 2021 from the previous month, while gas production up by 39.19% to 1.03 mmcf/d. On a YTD basis, oil production decreased by 11.16% in 2021 when compared with the same period in 2020, while gas production declined by 38.22%. Out of the total oil and gas production in August 2021, oil production held a 68.4% share, while gas production held a 31.58% share.
Looking at the states where Key Operating recorded the highest oil and gas production in August 2021, Louisiana figured at the top, accounting for a 100% share. The company produced 562.26 boe/d in the state in August 2021, an increase of 8.76% from the previous month.
On a YTD basis, the company produced 4,688.88 boe/d in Louisiana in 2021, recording a decrease of 22% from the same period in 2020.
Key Operating witnessed the highest oil and gas production in Acadia county in August 2021. Out of all the counties, Acadia county held a share of 26.59% for the firm. The company produced 149.49 boe/d in Acadia county in August 2021, an increase of 6.26% in production when compared with the previous month.
On a YTD basis, the county produced 1,333.95 boe/d for the company in 2021, a 3.94% decrease 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.