Petro Chemicals Operating recorded a decrease of 6.66% in total oil and gas production to 1,301.95 boe/d in December 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Petro Chemicals Operating grew 5.27% in December 2021 from 1,236.78 boe/d in December 2020.

On a YTD basis, the company’s total oil and gas production decreased by 10.46% from the same period in 2020.

The company’s oil production declined 5.29% to 727.29 bd in December 2021 from the previous month, while gas production declined by 8.26% to 3.33 mmcf/d. On a YTD basis, oil production decreased by 5.34% in 2021 when compared with the same period in 2020, while gas production declined by 15.43%. Out of the total oil and gas production in December 2021, oil production held a 55.86% share, while gas production held a 44.1% share.


Looking at the states where Petro Chemicals Operating recorded the highest oil and gas production in December 2021, Louisiana figured at the top, accounting for a 6.2% share. The company produced 699.73 boe/d in the state in December 2021, a decrease of 9.11% from the previous month.

On a YTD basis, the company produced 8,523.03 boe/d in Louisiana in 2021, recording a decrease of 48.64% from the same period in 2020.



Petro Chemicals Operating witnessed the highest oil and gas production in Columbia county in December 2021. Out of all the counties, Columbia county held a share of 33.51% for the firm. The company produced 436.26 boe/d in Columbia county in December 2021, a decrease of 5.1% in production when compared with the previous month.

On a YTD basis, the county produced 5,173.33 boe/d for the company in 2021, a 1.77% 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.