L Oil recorded an increase of 6.75% in total oil and gas production to 114.87 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of L Oil grew 45.33% in August 2021 from 79.04 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production increased by 26.59% from the same period in 2020.
The company’s oil production grew 7.06% to 110.03 bd in August 2021 from the previous month, while gas production stood at 0.03 mmcf/d. On a YTD basis, oil production increased by 23.73% in 2021 when compared with the same period in 2020, while gas production rose by 144.44%. Out of the total oil and gas production in August 2021, oil production held a 95.79% share, while gas production held a 4.5% share.
Looking at the states where L Oil recorded the highest oil and gas production in August 2021, Wyoming figured at the top, accounting for a 100% share. The company produced 114.87 boe/d in the state in August 2021, an increase of 6.75% from the previous month.
On a YTD basis, the company produced 829.07 boe/d in Wyoming in 2021, recording an increase of 26.59% from the same period in 2020.
L Oil witnessed the highest oil and gas production in Campbell county in August 2021. Out of all the counties, Campbell county held a share of 52.82% for the firm. The company produced 60.68 boe/d in Campbell county in August 2021, a decrease of 10.73% in production when compared with the previous month.
On a YTD basis, the county produced 493.74 boe/d for the company in 2021, a 28.92% increase 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.