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December 24, 2021

Parallel Energy records 6.38% increase in production in September 2021

By Carmen

Parallel Energy recorded an increase of 6.38% in total oil and gas production to 531.68 boe/d in September 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Parallel Energy declined 11.34% in September 2021 from 599.71 boe/d in September 2020.

On a YTD basis, the company’s total oil and gas production decreased by 10.33% from the same period in 2020.

The company’s gas production up by 6.21% to 3.08 mmcf/d in September 2021 from the previous month. On a YTD basis, gas production declined by 10.36% in 2021 when compared with the same period in 2020. Out of the total oil and gas production in September 2021, gas production held a 99.88% share.

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Looking at the states where Parallel Energy recorded the highest oil and gas production in September 2021, Texas figured at the top, accounting for a 100% share. The company produced 531.68 boe/d in the state in September 2021, an increase of 6.38% from the previous month.

On a YTD basis, the company produced 4,447.41 boe/d in Texas in 2021, recording a decrease of 10.33% from the same period in 2020.



Parallel Energy witnessed the highest oil and gas production in Carson county in September 2021. Out of all the counties, Carson county held a share of 83.73% for the firm. The company produced 445.15 boe/d in Carson county in September 2021, an increase of 12.77% in production when compared with the previous month.

On a YTD basis, the county produced 3,527.6 boe/d for the company in 2021, a 10.7% 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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