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December 3, 2021

Marwell Petroleum records 0.36% decrease in production in August 2021

By Carmen

Marwell Petroleum recorded a decrease of 0.36% in total oil and gas production to 55.87 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Marwell Petroleum declined 13.12% in August 2021 from 64.31 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production decreased by 11.61% from the same period in 2020.

The company’s oil production grew 0.48% to 18.77 bd in August 2021 from the previous month, while gas production stood at 0.21 mmcf/d. On a YTD basis, oil production decreased by 1.08% in 2021 when compared with the same period in 2020, while gas production declined by 16.36%. Out of the total oil and gas production in August 2021, oil production held a 33.6% share, while gas production held a 64.81% share.


Looking at the states where Marwell Petroleum recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 55.87 boe/d in the state in August 2021, a decrease of 0.36% from the previous month.

On a YTD basis, the company produced 475.16 boe/d in Texas in 2021, recording a decrease of 11.61% from the same period in 2020.



Marwell Petroleum witnessed the highest oil and gas production in Victoria county in August 2021. Out of all the counties, Victoria county held a share of 46.61% for the firm. The company produced 26.04 boe/d in Victoria county in August 2021, an increase of 8.82% in production when compared with the previous month.

On a YTD basis, the county produced 231.51 boe/d for the company in 2021, a 3.69% increase 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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