Painted Pegasus Petroleum recorded an increase of 15.29% in total oil and gas production to 105.63 boe/d in September 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Painted Pegasus Petroleum declined 6.93% in September 2021 from 113.5 boe/d in September 2020.

On a YTD basis, the company’s total oil and gas production decreased by 25.6% from the same period in 2020.

The company’s oil production grew 30.08% to 40.09 bd in September 2021 from the previous month, while gas production up by 8.57% to 0.38 mmcf/d. On a YTD basis, oil production decreased by 31.69% in 2021 when compared with the same period in 2020, while gas production declined by 20.75%. Out of the total oil and gas production in September 2021, oil production held a 37.95% share, while gas production held a 62.03% share.


Looking at the states where Painted Pegasus Petroleum recorded the highest oil and gas production in September 2021, Colorado figured at the top, accounting for a 16.09% share. The company produced 90.99 boe/d in the state in September 2021, an increase of 17.62% from the previous month.

On a YTD basis, the company produced 672.11 boe/d in Colorado in 2021, recording a decrease of 37.54% from the same period in 2020.

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By GlobalData


Painted Pegasus Petroleum witnessed the highest oil and gas production in ADAMS county in September 2021. Out of all the counties, ADAMS county held a share of 86.14% for the firm. The company produced 90.99 boe/d in ADAMS county in September 2021, an increase of 17.62% in production when compared with the previous month.

On a YTD basis, the county produced 672.11 boe/d for the company in 2021, a 28.23% 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.