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December 8, 2021

Planet Resource Operating records 8.28% increase in production in August 2021

By Carmen

Planet Resource Operating recorded an increase of 8.28% in total oil and gas production to 129.51 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Planet Resource Operating in August 2021 in August 2020.

On a YTD basis, the company’s total oil and gas production increased by 1021570% from the same period in 2020.

The company’s oil production grew 0.56% to 59.68 bd in August 2021 from the previous month, while gas production up by 17.14% to 0.41 mmcf/d. On a YTD basis, oil production increased by 474970% 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 46.08% share, while gas production held a 54.58% share.

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Looking at the states where Planet Resource Operating recorded the highest oil and gas production in August 2021, Louisiana figured at the top, accounting for a 100% share. The company produced 129.51 boe/d in the state in August 2021, an increase of 8.28% from the previous month.

On a YTD basis, the company produced 1,021.67 boe/d in Louisiana in 2021, recording an increase of 1021570% from the same period in 2020.



Planet Resource Operating witnessed the highest oil and gas production in Rapides county in August 2021. Out of all the counties, Rapides county held a share of 58.64% for the firm. The company produced 75.94 boe/d in Rapides county in August 2021, an increase of 9.23% in production when compared with the previous month.

On a YTD basis, the county produced 573.61 boe/d for the company in 2021, a 573510% 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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