Land & Natural Resource Development recorded a decrease of 6.51% in total oil and gas production to 747.07 boe/d in December 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Land & Natural Resource Development declined 2.24% in December 2021 from 764.19 boe/d in December 2020.
On a YTD basis, the company’s total oil and gas production decreased by 9.13% from the same period in 2020.
The company’s oil production declined 19.36% to 152.58 bd in December 2021 from the previous month, while gas production declined by 2.54% to 3.45 mmcf/d. On a YTD basis, oil production decreased by 13.56% in 2021 when compared with the same period in 2020, while gas production declined by 7.57%. Out of the total oil and gas production in December 2021, oil production held a 20.42% share, while gas production held a 79.62% share.
Looking at the states where Land & Natural Resource Development recorded the highest oil and gas production in December 2021, Alabama figured at the top, accounting for a 100% share. The company produced 747.07 boe/d in the state in December 2021, a decrease of 6.51% from the previous month.
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On a YTD basis, the company produced 9,834.27 boe/d in Alabama in 2021, recording a decrease of 9.13% from the same period in 2020.
Land & Natural Resource Development witnessed the highest oil and gas production in Pickens county in December 2021. Out of all the counties, Pickens county held a share of 78.01% for the firm. The company produced 582.77 boe/d in Pickens county in December 2021, a decrease of 7.06% in production when compared with the previous month.
On a YTD basis, the county produced 7,747.67 boe/d for the company in 2021, an 11.04% 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.