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December 8, 2021

Riceland Petroleum records 24.93% decrease in production in August 2021

By Carmen

Riceland Petroleum recorded a decrease of 24.93% in total oil and gas production to 264.93 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Riceland Petroleum grew 22.55% in August 2021 from 216.18 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production decreased by 8.05% from the same period in 2020.

The company’s oil production declined 18.32% to 98.55 bd in August 2021 from the previous month, while gas production declined by 28.89% to 0.96 mmcf/d. On a YTD basis, oil production increased by 98.43% in 2021 when compared with the same period in 2020, while gas production declined by 23.53%. Out of the total oil and gas production in August 2021, oil production held a 37.2% share, while gas production held a 62.47% share.


Looking at the states where Riceland Petroleum recorded the highest oil and gas production in August 2021, Louisiana figured at the top, accounting for a 100% share. The company produced 264.93 boe/d in the state in August 2021, a decrease of 24.93% from the previous month.

On a YTD basis, the company produced 2,645.38 boe/d in Louisiana in 2021, recording a decrease of 8.05% from the same period in 2020.



Riceland Petroleum witnessed the highest oil and gas production in Jefferson Davis county in August 2021. Out of all the counties, Jefferson Davis county held a share of 86.06% for the firm. The company produced 228 boe/d in Jefferson Davis county in August 2021, a decrease of 28.74% in production when compared with the previous month.

On a YTD basis, the county produced 2,473.59 boe/d for the company in 2021, a 10.53% 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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