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December 8, 2021

POC I records 22.16% decrease in production in August 2021

By Carmen

POC I recorded a decrease of 22.16% in total oil and gas production to 133.35 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of POC I grew 107.1% in August 2021 from 64.39 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production increased by 22.22% from the same period in 2020.

The company’s oil production declined 22.16% to 133.35 bd in August 2021 from the previous month. On a YTD basis, oil production increased by 22.22% in 2021 when compared with the same period in 2020. Out of the total oil and gas production in August 2021, oil production held a 100% share.


Looking at the states where POC I recorded the highest oil and gas production in August 2021, Colorado figured at the top, accounting for a 29.47% share. The company produced 103 boe/d in the state in August 2021, a decrease of 26.36% from the previous month.

On a YTD basis, the company produced 962.31 boe/d in Colorado in 2021, recording a decrease of 7.82% from the same period in 2020.



POC I witnessed the highest oil and gas production in Moffat county in August 2021. Out of all the counties, Moffat county held a share of 77.24% for the firm. The company produced 103 boe/d in Moffat county in August 2021, a decrease of 26.36% in production when compared with the previous month.

On a YTD basis, the county produced 962.31 boe/d for the company in 2021, a 92.82% 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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