Merritt Operating recorded a decrease of 16.63% in total oil and gas production to 102.14 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Merritt Operating grew 264.53% in August 2021 from 28.02 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production increased by 50.01% from the same period in 2020.
The company’s oil production declined 16.87% to 100.19 bd in August 2021 from the previous month, while gas production stood at 0.01 mmcf/d. On a YTD basis, oil production increased by 54.13% in 2021 when compared with the same period in 2020, while gas production declined by 33.33%. Out of the total oil and gas production in August 2021, oil production held a 98.09% share, while gas production held a 1.68% share.
Looking at the states where Merritt Operating recorded the highest oil and gas production in August 2021, Louisiana figured at the top, accounting for a 22.15% share. The company produced 83.61 boe/d in the state in August 2021, a decrease of 18.85% from the previous month.
On a YTD basis, the company produced 340.46 boe/d in Louisiana in 2021, recording an increase of 6.39% from the same period in 2020.
Merritt Operating witnessed the highest oil and gas production in St. Martin county in August 2021. Out of all the counties, St. Martin county held a share of 58.77% for the firm. The company produced 60.03 boe/d in St. Martin county in August 2021, a decrease of 24.66% in production when compared with the previous month.
On a YTD basis, the county produced 167.07 boe/d for the company in 2021, a 1.24% 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.