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December 7, 2021

New Era Petroleum records 23.65% increase in production in August 2021

By Carmen

New Era Petroleum recorded an increase of 23.65% in total oil and gas production to 73.19 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of New Era Petroleum grew 80.94% in August 2021 from 40.45 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production decreased by 19.98% from the same period in 2020.

The company’s oil production grew 23.65% to 73.19 bd in August 2021 from the previous month. On a YTD basis, oil production decreased by 19.98% 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 100% share.

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Looking at the states where New Era Petroleum recorded the highest oil and gas production in August 2021, Wyoming figured at the top, accounting for a 100% share. The company produced 73.19 boe/d in the state in August 2021, an increase of 23.65% from the previous month.

On a YTD basis, the company produced 444.54 boe/d in Wyoming in 2021, recording a decrease of 19.98% from the same period in 2020.



New Era Petroleum witnessed the highest oil and gas production in Hot Springs county in August 2021. Out of all the counties, Hot Springs county held a share of 100% for the firm. The company produced 73.19 boe/d in Hot Springs county in August 2021, an increase of 23.65% in production when compared with the previous month.

On a YTD basis, the county produced 444.54 boe/d for the company in 2021, a 19.98% 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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