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December 3, 2021

Marquis Resources records 35.04% decrease in production in August 2021

By Carmen

Marquis Resources recorded a decrease of 35.04% in total oil and gas production to 29.16 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Marquis Resources grew 2677.14% in August 2021 from 1.05 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production decreased by 54.15% from the same period in 2020.

The company’s oil production declined 35.46% to 28.78 bd in August 2021 from the previous month. On a YTD basis, oil production decreased by 54.13% in 2021 when compared with the same period in 2020. Out of the total oil and gas production in August 2021, oil production held a 98.7% share.

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Looking at the states where Marquis Resources recorded the highest oil and gas production in August 2021, Louisiana figured at the top, accounting for a 100% share. The company produced 29.16 boe/d in the state in August 2021, a decrease of 35.04% from the previous month.

On a YTD basis, the company produced 135.71 boe/d in Louisiana in 2021, recording a decrease of 54.15% from the same period in 2020.



Marquis Resources witnessed the highest oil and gas production in Lafourche county in August 2021. Out of all the counties, Lafourche county held a share of 100% for the firm. The company produced 29.16 boe/d in Lafourche county in August 2021, a decrease of 35.04% in production when compared with the previous month.

On a YTD basis, the county produced 135.71 boe/d for the company in 2021, a 54.15% 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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