P Oil & Gas Operating recorded an increase of 4.87% in total oil and gas production to 1,151.95 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of P Oil & Gas Operating grew 76.79% in August 2021 from 651.59 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production increased by 20.17% from the same period in 2020.
The company’s oil production grew 6.76% to 788.29 bd in August 2021 from the previous month, while gas production up by 0.96% to 2.11 mmcf/d. On a YTD basis, oil production increased by 12.24% in 2021 when compared with the same period in 2020, while gas production rose by 59.67%. Out of the total oil and gas production in August 2021, oil production held a 68.43% share, while gas production held a 31.58% share.
Looking at the states where P Oil & Gas Operating recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 6.33% share. The company produced 695.57 boe/d in the state in August 2021, an increase of 7.95% from the previous month.
On a YTD basis, the company produced 3,125.55 boe/d in Texas in 2021, recording a decrease of 43.59% from the same period in 2020.
P Oil & Gas Operating witnessed the highest oil and gas production in Pecos county in August 2021. Out of all the counties, Pecos county held a share of 48.71% for the firm. The company produced 561.17 boe/d in Pecos county in August 2021, an increase of 11.23% in production when compared with the previous month.
On a YTD basis, the county produced 2,219.06 boe/d for the company in 2021, a 58.21% increase 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.