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  1. Market Data
August 19, 2022

Phillip’S Petroleum records 14.73% increase in production in April 2020

By Carmen

Phillip’S Petroleum recorded an increase of 14.73% in total oil and gas production to 194.87 boe/d in April 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Phillip’S Petroleum declined 8.35% in April 2020 from 212.63 boe/d in April 2019.

On a YTD basis, the company’s total oil and gas production decreased by 17.38% from the same period in 2019.

The company’s oil production grew 15.44% to 169.37 bd in April 2020 from the previous month, while gas production up by 15.38% to 0.15 mmcf/d. On a YTD basis, oil production decreased by 14.23% in 2020 when compared with the same period in 2019, while gas production declined by 33.73%. Out of the total oil and gas production in April 2020, oil production held an 86.91% share, while gas production held a 13.27% share.


Looking at the states where Phillip’S Petroleum recorded the highest oil and gas production in April 2020, Louisiana figured at the top, accounting for a 100% share. The company produced 143.87 boe/d in the state in April 2020, an increase of 20.78% from the previous month.

On a YTD basis, the company produced 524.06 boe/d in Louisiana in 2020, recording a decrease of 42.72% from the same period in 2019.



Phillip’S Petroleum witnessed the highest oil and gas production in Plaquemines county in April 2020. Out of all the counties, Plaquemines county held a share of 70.33% for the firm. The company produced 137.05 boe/d in Plaquemines county in April 2020, an increase of 23.48% in production when compared with the previous month.

On a YTD basis, the county produced 492.04 boe/d for the company in 2020, a 10.77% increase 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.

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