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  1. Market Data
April 14, 2022

KGH Operating records 3.77% increase in production in December 2021

By Carmen

KGH Operating recorded an increase of 3.77% in total oil and gas production to 373.37 boe/d in December 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of KGH Operating grew 43.42% in December 2021 from 260.34 boe/d in December 2020.

On a YTD basis, the company’s total oil and gas production decreased by 13.12% from the same period in 2020.

The company’s oil production grew 4.46% to 69.1 bd in December 2021 from the previous month, while gas production up by 3.53% to 1.76 mmcf/d. On a YTD basis, oil production decreased by 29.76% in 2021 when compared with the same period in 2020, while gas production declined by 8.53%. Out of the total oil and gas production in December 2021, oil production held an 18.51% share, while gas production held an 81.27% share.


Looking at the states where KGH Operating recorded the highest oil and gas production in December 2021, Colorado figured at the top, accounting for a 14.2% share. The company produced 326.93 boe/d in the state in December 2021, an increase of 9.96% from the previous month.

On a YTD basis, the company produced 4,019.52 boe/d in Colorado in 2021, recording a decrease of 20.8% from the same period in 2020.



KGH Operating witnessed the highest oil and gas production in Rio Blanco county in December 2021. Out of all the counties, Rio Blanco county held a share of 87.56% for the firm. The company produced 326.93 boe/d in Rio Blanco county in December 2021, an increase of 9.96% in production when compared with the previous month.

On a YTD basis, the county produced 4,019.52 boe/d for the company in 2021, an 8.34% 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.

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