New Mexico witnessed a decrease of 1.68% in total oil and gas production to 24,42,251.73 boe/d in December 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production grew 21.03% in December 2021 from 20,17,889.72 boe/d in December 2020. On a YTD basis, the total oil and gas production in 2021 increased by 15.91% from the same period in 2020.
In December 2021, oil production declined 2.68% to 12,87,110.7 bd as against the previous month, while gas production declined by 0.55% to 6,699.82 mmcf/d.
On a YTD basis, oil production increased by 18.2% in 2021 when compared with the same period in 2020, while gas production rose by 13.46%. Out of the total oil and gas production in December 2021, oil held a 52.7% share, while gas had a 47.3% share.
In New Mexico, EOG Resources emerged as the largest oil and gas producer, recording a total oil and gas production at 3,82,391.74 boe/d in December 2021, a decrease of 2.45% from the previous month. The company held an 18.94% share in oil production and 12.01% share in gas production in December 2021.
On a YTD basis, the company registered a 41.47% increase in total oil and gas production from the same period in 2020.
Compared with other counties in New Mexico, Lea county recorded the highest oil and gas production, holding a 47.47% share in December 2021. The county witnessed a 1.14% decrease in production to 11,59,245.04 boe/d in December 2021 when compared with the previous month.
On a YTD basis, Lea registered an increase of 21.51% in total production 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.