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December 24, 2021

Phoenix Hydrocarbons Operating records 1.72% decrease in production in September 2021

By Carmen

Phoenix Hydrocarbons Operating recorded a decrease of 1.72% in total oil and gas production to 173.8 boe/d in September 2021 when compared with the previous month, according to GlobalData’s USL48 database.

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The oil and gas production of Phoenix Hydrocarbons Operating declined 58.15% in September 2021 from 415.26 boe/d in September 2020.

On a YTD basis, the company’s total oil and gas production decreased by 58.8% from the same period in 2020.

The company’s oil production grew 38.6% to 5.53 bd in September 2021 from the previous month, while gas production declined by 6.38% to 0.88 mmcf/d. On a YTD basis, oil production decreased by 22.7% in 2021 when compared with the same period in 2020, while gas production declined by 57.76%. Out of the total oil and gas production in September 2021, oil production held a 3.18% share, while gas production held an 87.3% share.


Looking at the states where Phoenix Hydrocarbons Operating recorded the highest oil and gas production in September 2021, New Mexico figured at the top, accounting for a 57.66% share. The company produced 110.23 boe/d in the state in September 2021, a decrease of 0.37% from the previous month.

On a YTD basis, the company produced 1,009.17 boe/d in New Mexico in 2021, recording a decrease of 73.58% from the same period in 2020.



Phoenix Hydrocarbons Operating witnessed the highest oil and gas production in San Juan county in September 2021. Out of all the counties, San Juan county held a share of 63.42% for the firm. The company produced 110.23 boe/d in San Juan county in September 2021, a decrease of 0.37% in production when compared with the previous month.

On a YTD basis, the county produced 1,009.17 boe/d for the company in 2021, a 2.91% 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.

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img

Which sectors will drive ammonia demand in the future?

Global ammonia demand is growing steadily and is expected to reach more than 380 mtpa by 2030. Within this market, China has emerged as the major ammonia demand center, accounting for approximately 25% of total global demand in 2020.   Fertilizer production presently accounts for about 80% of the global ammonia demand. This usage is set to further drive future demand, due to increasing population sizes and associated food demand. However, there are also applications being found in the marine and aviation industries.   Read our report to know and understand: 
  • Which economies are driving ammonia demand globally by 2030? 
  • Ammonia production volumes forecast by key countries 
  • Application across various sectors and case studies for clean ammonia 
Read our report to capitalize on this growing market.  
by GlobalData
Enter your details here to receive your free Report.

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