Phoenix Resources recorded an increase of 3.27% in total oil and gas production to 54.29 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Phoenix Resources grew 38.96% in August 2021 from 39.07 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production decreased by 11.59% from the same period in 2020.
The company’s oil production grew 6.82% to 49.96 bd in August 2021 from the previous month, while gas production stood at 0.03 mmcf/d. On a YTD basis, oil production decreased by 12.51% in 2021 when compared with the same period in 2020, while gas production. Out of the total oil and gas production in August 2021, oil production held a 92.02% share, while gas production held a 9.52% share.
Looking at the states where Phoenix Resources recorded the highest oil and gas production in August 2021, Colorado figured at the top, accounting for a 0.11% share. The company produced 54.23 boe/d in the state in August 2021, an increase of 3.3% from the previous month.
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On a YTD basis, the company produced 366.94 boe/d in Colorado in 2021, recording a decrease of 11.71% from the same period in 2020.
Phoenix Resources witnessed the highest oil and gas production in Baca county in August 2021. Out of all the counties, Baca county held a share of 23.65% for the firm. The company produced 12.84 boe/d in Baca county in August 2021, a decrease of 33.98% in production when compared with the previous month.
On a YTD basis, the county produced 99.69 boe/d for the company in 2021, a 36.41% increase from the same period in 2020.
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.