Petrus Operating recorded an increase of 7.5% in total oil and gas production to 86.16 boe/d in September 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Petrus Operating grew 24.65% in September 2021 from 69.12 boe/d in September 2020.
On a YTD basis, the company’s total oil and gas production decreased by 2.79% from the same period in 2020.
The company’s oil production grew 5.68% to 31.26 bd in September 2021 from the previous month, while gas production up by 10.71% to 0.31 mmcf/d. On a YTD basis, oil production increased by 49.52% in 2021 when compared with the same period in 2020, while gas production declined by 16.67%. Out of the total oil and gas production in September 2021, oil production held a 36.28% share, while gas production held a 62.04% share.
Looking at the states where Petrus Operating recorded the highest oil and gas production in September 2021, Texas figured at the top, accounting for a 100% share. The company produced 86.16 boe/d in the state in September 2021, an increase of 7.5% from the previous month.
On a YTD basis, the company produced 656.44 boe/d in Texas in 2021, recording a decrease of 2.79% from the same period in 2020.
Petrus Operating witnessed the highest oil and gas production in Mcmullen county in September 2021. Out of all the counties, Mcmullen county held a share of 31.89% for the firm. The company produced 27.48 boe/d in Mcmullen county in September 2021, an increase of 12.99% in production when compared with the previous month.
On a YTD basis, the county produced 231.11 boe/d for the company in 2021, a 15.72% 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.