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March 31, 2022

Phillips Oil records 82.69% increase in production in November 2021

By Carmen

Phillips Oil recorded an increase of 82.69% in total oil and gas production to 6.65 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Phillips Oil grew 93.31% in November 2021 from 3.44 boe/d in November 2020.

On a YTD basis, the company’s total oil and gas production increased by 79.38% from the same period in 2020.

The company’s oil production grew 82.69% to 6.65 bd in November 2021 from the previous month. On a YTD basis, oil production increased by 79.38% in 2021 when compared with the same period in 2020. Out of the total oil and gas production in November 2021, oil production held a 100% share.


Looking at the states where Phillips Oil recorded the highest oil and gas production in November 2021, Texas figured at the top, accounting for a 100% share. The company produced 6.65 boe/d in the state in November 2021, an increase of 82.69% from the previous month.

On a YTD basis, the company produced 42.89 boe/d in Texas in 2021, recording an increase of 79.38% from the same period in 2020.



Phillips Oil witnessed the highest oil and gas production in Stonewall county in November 2021. Out of all the counties, Stonewall county held a share of 100% for the firm. The company produced 6.65 boe/d in Stonewall county in November 2021, an increase of 82.69% in production when compared with the previous month.

On a YTD basis, the county produced 42.89 boe/d for the company in 2021, a 79.38% increase 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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