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December 8, 2021

Premier Natural Resources records 3.19% increase in production in August 2021

By Carmen

Premier Natural Resources recorded an increase of 3.19% in total oil and gas production to 169.1 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Premier Natural Resources declined 12.4% in August 2021 from 193.04 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production decreased by 16.82% from the same period in 2020.

The company’s oil production grew 1.39% to 5.11 bd in August 2021 from the previous month, while gas production up by 2.17% to 0.94 mmcf/d. On a YTD basis, oil production decreased by 21.59% in 2021 when compared with the same period in 2020, while gas production declined by 16.53%. Out of the total oil and gas production in August 2021, oil production held a 3.02% share, while gas production held a 95.84% share.


Looking at the states where Premier Natural Resources recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 169.1 boe/d in the state in August 2021, an increase of 3.19% from the previous month.

On a YTD basis, the company produced 1,326.42 boe/d in Texas in 2021, recording a decrease of 16.82% from the same period in 2020.



Premier Natural Resources witnessed the highest oil and gas production in Hood county in August 2021. Out of all the counties, Hood county held a share of 55.82% for the firm. The company produced 94.39 boe/d in Hood county in August 2021, an increase of 0.88% in production when compared with the previous month.

On a YTD basis, the county produced 766.15 boe/d for the company in 2021, a 6.11% 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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