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March 31, 2022

Parker & Parsley records 12.64% decrease in production in November 2021

By Carmen

Parker & Parsley recorded a decrease of 12.64% in total oil and gas production to 10.57 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Parker & Parsley grew 17.18% in November 2021 from 9.02 boe/d in November 2020.

On a YTD basis, the company’s total oil and gas production decreased by 17.59% from the same period in 2020.

The company’s oil production declined 13.94% to 7.84 bd in November 2021 from the previous month, while gas production stood at 0.02 mmcf/d. On a YTD basis, oil production decreased by 20.4% in 2021 when compared with the same period in 2020, while gas production. Out of the total oil and gas production in November 2021, oil production held a 74.17% share, while gas production held a 32.64% share.


Looking at the states where Parker & Parsley recorded the highest oil and gas production in November 2021, Texas figured at the top, accounting for a 100% share. The company produced 10.57 boe/d in the state in November 2021, a decrease of 12.64% from the previous month.

On a YTD basis, the company produced 175.95 boe/d in Texas in 2021, recording a decrease of 17.59% from the same period in 2020.



Parker & Parsley witnessed the highest oil and gas production in Martin county in November 2021. Out of all the counties, Martin county held a share of 78.15% for the firm. The company produced 8.26 boe/d in Martin county in November 2021, a decrease of 10.51% in production when compared with the previous month.

On a YTD basis, the county produced 131.01 boe/d for the company in 2021, a 23.64% 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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