R K Petroleum recorded a decrease of 18.45% in total oil and gas production to 148.26 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of R K Petroleum declined 18.07% in November 2021 from 180.95 boe/d in November 2020.
On a YTD basis, the company’s total oil and gas production decreased by 7.08% from the same period in 2020.
The company’s oil production declined 19.09% to 114.39 bd in November 2021 from the previous month, while gas production declined by 13.04% to 0.2 mmcf/d. On a YTD basis, oil production increased by 3.21% in 2021 when compared with the same period in 2020, while gas production declined by 27.23%. Out of the total oil and gas production in November 2021, oil production held a 77.15% share, while gas production held a 23.26% share.
Looking at the states where R K Petroleum recorded the highest oil and gas production in November 2021, Texas figured at the top, accounting for a 100% share. The company produced 146.06 boe/d in the state in November 2021, a decrease of 18.66% from the previous month.
On a YTD basis, the company produced 1,816.41 boe/d in Texas in 2021, recording a decrease of 9.03% from the same period in 2020.
R K Petroleum witnessed the highest oil and gas production in Martin county in November 2021. Out of all the counties, Martin county held a share of 65.54% for the firm. The company produced 97.17 boe/d in Martin county in November 2021, a decrease of 25.85% in production when compared with the previous month.
On a YTD basis, the county produced 1,383.18 boe/d for the company in 2021, a 13.35% decrease 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.