Maranatha Petroleum recorded an increase of 13.65% in total oil and gas production to 110.16 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Maranatha Petroleum declined 15.82% in August 2021 from 130.87 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production decreased by 20.79% from the same period in 2020.
The company’s oil production declined 23.41% to 65.55 bd in August 2021 from the previous month, while gas production up by 271.43% to 0.26 mmcf/d. On a YTD basis, oil production decreased by 23.82% in 2021 when compared with the same period in 2020, while gas production declined by 11.8%. Out of the total oil and gas production in August 2021, oil production held a 59.5% share, while gas production held a 40.7% share.
Looking at the states where Maranatha Petroleum recorded the highest oil and gas production in August 2021, California figured at the top, accounting for a 100% share. The company produced 110.16 boe/d in the state in August 2021, an increase of 13.65% from the previous month.
On a YTD basis, the company produced 864.51 boe/d in California in 2021, recording a decrease of 20.79% from the same period in 2020.
Maranatha Petroleum witnessed the highest oil and gas production in Kern county in August 2021. Out of all the counties, Kern county held a share of 68.72% for the firm. The company produced 75.7 boe/d in Kern county in August 2021, a decrease of 21.9% in production when compared with the previous month.
On a YTD basis, the county produced 710.11 boe/d for the company in 2021, a 17.08% 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.