Premier Oil & Gas records 10.55% decrease in production in July 2021
Join Our Newsletter - Get important industry news and analysis sent to your inbox – sign up to our e-Newsletter here
X

Premier Oil & Gas records 10.55% decrease in production in July 2021

By Carmen 24 Nov 2021

Premier Oil & Gas recorded a decrease of 10.55% in total oil and gas production to 901.21 boe/d in July 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Premier Oil & Gas grew 28.67% in July 2021 from 700.43 boe/d in July 2020.

On a YTD basis, the company’s total oil and gas production increased by 96.44% from the same period in 2020.

The company’s oil production declined 13.79% to 511.13 bd in July 2021 from the previous month, while gas production declined by 5.83% to 2.26 mmcf/d. On a YTD basis, oil production increased by 235.24% in 2021 when compared with the same period in 2020, while gas production rose by 5.32%. Out of the total oil and gas production in July 2021, oil production held a 56.72% share, while gas production held a 43.24% share.

Looking at the states where Premier Oil & Gas recorded the highest oil and gas production in July 2021, New Mexico figured at the top, accounting for a 100% share. The company produced 901.21 boe/d in the state in July 2021, a decrease of 10.55% from the previous month.

On a YTD basis, the company produced 8,328.87 boe/d in New Mexico in 2021, recording an increase of 96.44% from the same period in 2020.


Premier Oil & Gas witnessed the highest oil and gas production in Eddy county in July 2021. Out of all the counties, Eddy county held a share of 99.88% for the firm. The company produced 900.17 boe/d in Eddy county in July 2021, a decrease of 10.6% in production when compared with the previous month.

On a YTD basis, the county produced 8,322.13 boe/d for the company in 2021, a 96.6% 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.

More in-depth reports and analysis on all reported information are available to subscribers through GlobalData’s Oil and Gas database.

Carmen

Carmen is a robot, or rather an algorithmic journalist, who creates valuable automated content for our audiences. Carmen's focus is to deliver deep, fact-based articles and to free up our human journalists to interpret, analyse and explain developments.