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December 7, 2021

Olympus Energy records 8.49% increase in production in August 2021

By Carmen

Olympus Energy recorded an increase of 8.49% in total oil and gas production to 18,518.14 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Olympus Energy grew 23.53% in August 2021 from 14,990.94 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production increased by 18.72% from the same period in 2020.

The company’s gas production up by 8.49% to 107.41 mmcf/d in August 2021 from the previous month. On a YTD basis, gas production rose by 18.72% in 2021 when compared with the same period in 2020. Out of the total oil and gas production in August 2021, gas production held a 100% share.

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Looking at the states where Olympus Energy recorded the highest oil and gas production in August 2021, Pennsylvania figured at the top, accounting for a 100% share. The company produced 18,518.14 boe/d in the state in August 2021, an increase of 8.49% from the previous month.

On a YTD basis, the company produced 179,512.39 boe/d in Pennsylvania in 2021, recording an increase of 18.72% from the same period in 2020.



Olympus Energy witnessed the highest oil and gas production in Allegheny county in August 2021. Out of all the counties, Allegheny county held a share of 87.64% for the firm. The company produced 16,229.25 boe/d in Allegheny county in August 2021, an increase of 10.25% in production when compared with the previous month.

On a YTD basis, the county produced 158,930.5 boe/d for the company in 2021, a 33.14% 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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