Petro Chemicals Operating recorded an increase of 21.07% in total oil and gas production to 1,394.31 boe/d in June 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Petro Chemicals Operating declined 23.83% in June 2020 from 1,830.41 boe/d in June 2019.

On a YTD basis, the company’s total oil and gas production decreased by 26.35% from the same period in 2019.

The company’s oil production grew 51.91% to 600.5 bd in June 2020 from the previous month, while gas production up by 4.78% to 4.6 mmcf/d. On a YTD basis, oil production decreased by 29.67% in 2020 when compared with the same period in 2019, while gas production declined by 23.22%. Out of the total oil and gas production in June 2020, oil production held a 43.07% share, while gas production held a 56.88% share.


Looking at the states where Petro Chemicals Operating recorded the highest oil and gas production in June 2020, Louisiana figured at the top, accounting for a 9.54% share. The company produced 898.64 boe/d in the state in June 2020, an increase of 13.68% from the previous month.

On a YTD basis, the company produced 5,360.29 boe/d in Louisiana in 2020, recording a decrease of 54.13% from the same period in 2019.



Petro Chemicals Operating witnessed the highest oil and gas production in Claiborne county in June 2020. Out of all the counties, Claiborne county held a share of 30.69% for the firm. The company produced 427.86 boe/d in Claiborne county in June 2020, an increase of 29.38% in production when compared with the previous month.

On a YTD basis, the county produced 2,709.66 boe/d for the company in 2020, a 44.23% decrease from the same period in 2019.



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.