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April 14, 2022

Petralis Energy Resources records 12.06% decrease in production in December 2021

By Carmen

Petralis Energy Resources recorded a decrease of 12.06% in total oil and gas production to 502.26 boe/d in December 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Petralis Energy Resources declined 20.91% in December 2021 from 635.01 boe/d in December 2020.

On a YTD basis, the company’s total oil and gas production decreased by 3.01% from the same period in 2020.

The company’s oil production declined 25% to 22.62 bd in December 2021 from the previous month, while gas production declined by 11% to 2.67 mmcf/d. On a YTD basis, oil production increased by 10.2% in 2021 when compared with the same period in 2020, while gas production declined by 3.3%. Out of the total oil and gas production in December 2021, oil production held a 4.5% share, while gas production held a 91.65% share.


Looking at the states where Petralis Energy Resources recorded the highest oil and gas production in December 2021, Texas figured at the top, accounting for a 100% share. The company produced 502.26 boe/d in the state in December 2021, a decrease of 12.06% from the previous month.

On a YTD basis, the company produced 7,039.27 boe/d in Texas in 2021, recording a decrease of 3.01% from the same period in 2020.



Petralis Energy Resources witnessed the highest oil and gas production in Gregg county in December 2021. Out of all the counties, Gregg county held a share of 40.59% for the firm. The company produced 203.89 boe/d in Gregg county in December 2021, a decrease of 23.71% in production when compared with the previous month.

On a YTD basis, the county produced 3,247.42 boe/d for the company in 2021, a 3.37% 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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