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December 23, 2021

Newgulf Petroleum records 1.62% decrease in production in September 2021

By Carmen

Newgulf Petroleum recorded a decrease of 1.62% in total oil and gas production to 205.9 boe/d in September 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Newgulf Petroleum grew 3.03% in September 2021 from 199.84 boe/d in September 2020.

On a YTD basis, the company’s total oil and gas production decreased by 7.77% from the same period in 2020.

The company’s oil production declined 3.81% to 111.43 bd in September 2021 from the previous month, while gas production stood at 0.52 mmcf/d. On a YTD basis, oil production increased by 5.13% in 2021 when compared with the same period in 2020, while gas production declined by 20.88%. Out of the total oil and gas production in September 2021, oil production held a 54.12% share, while gas production held a 43.54% share.

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Looking at the states where Newgulf Petroleum recorded the highest oil and gas production in September 2021, Texas figured at the top, accounting for a 100% share. The company produced 205.9 boe/d in the state in September 2021, a decrease of 1.62% from the previous month.

On a YTD basis, the company produced 1,660.85 boe/d in Texas in 2021, recording a decrease of 7.77% from the same period in 2020.



Newgulf Petroleum witnessed the highest oil and gas production in Starr county in September 2021. Out of all the counties, Starr county held a share of 99.05% for the firm. The company produced 203.94 boe/d in Starr county in September 2021, a decrease of 1.65% in production when compared with the previous month.

On a YTD basis, the county produced 1,645.39 boe/d for the company in 2021, a 7.79% 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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