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December 10, 2021

STS Petroleum records 8.6% increase in production in August 2021

By Carmen

STS Petroleum recorded an increase of 8.6% in total oil and gas production to 127.12 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of STS Petroleum grew 1116.46% in August 2021 from 10.45 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production increased by 737.79% from the same period in 2020.

The company’s oil production grew 35.25% to 8.94 bd in August 2021 from the previous month, while gas production up by 7.81% to 0.69 mmcf/d. On a YTD basis, oil production increased by 30686.96% in 2021 when compared with the same period in 2020, while gas production rose by 681.33%. Out of the total oil and gas production in August 2021, oil production held a 7.03% share, while gas production held a 93.58% share.

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Looking at the states where STS Petroleum recorded the highest oil and gas production in August 2021, Louisiana figured at the top, accounting for a 100% share. The company produced 127.12 boe/d in the state in August 2021, an increase of 8.6% from the previous month.

On a YTD basis, the company produced 1,081.09 boe/d in Louisiana in 2021, recording an increase of 737.79% from the same period in 2020.



STS Petroleum witnessed the highest oil and gas production in Webster county in August 2021. Out of all the counties, Webster county held a share of 100% for the firm. The company produced 127.12 boe/d in Webster county in August 2021, an increase of 8.6% in production when compared with the previous month.

On a YTD basis, the county produced 1,081.09 boe/d for the company in 2021, a 737.79% 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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