Pennington Oil & Gas Int recorded a decrease of 0.3% in total oil and gas production to 207.06 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Pennington Oil & Gas Int grew 163.97% in August 2021 from 78.44 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production increased by 96.46% from the same period in 2020.
The company’s oil production grew 0.13% to 141.93 bd in August 2021 from the previous month, while gas production stood at 0.38 mmcf/d. On a YTD basis, oil production increased by 314.93% in 2021 when compared with the same period in 2020, while gas production rose by 4.55%. Out of the total oil and gas production in August 2021, oil production held a 68.55% share, while gas production held a 31.64% share.
Looking at the states where Pennington Oil & Gas Int recorded the highest oil and gas production in August 2021, Louisiana figured at the top, accounting for a 100% share. The company produced 207.06 boe/d in the state in August 2021, a decrease of 0.3% from the previous month.
On a YTD basis, the company produced 2,221.94 boe/d in Louisiana in 2021, recording an increase of 96.46% from the same period in 2020.
Pennington Oil & Gas Int witnessed the highest oil and gas production in Allen county in August 2021. Out of all the counties, Allen county held a share of 59.35% for the firm. The company produced 122.9 boe/d in Allen county in August 2021, an increase of 15.69% in production when compared with the previous month.
On a YTD basis, the county produced 1,327.72 boe/d for the company in 2021, an 113.06% 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.