Urban Oil & Gas Group recorded a decrease of 2.03% in total oil and gas production to 20,030.78 boe/d in December 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Urban Oil & Gas Group grew 1.83% in December 2021 from 19,671.76 boe/d in December 2020.
On a YTD basis, the company’s total oil and gas production decreased by 7.86% from the same period in 2020.
The company’s oil production declined 4.67% to 3,616.08 bd in December 2021 from the previous month, while gas production declined by 1.58% to 94.79 mmcf/d. On a YTD basis, oil production decreased by 3.32% in 2021 when compared with the same period in 2020, while gas production declined by 8.9%. Out of the total oil and gas production in December 2021, oil production held an 18.05% share, while gas production held an 81.59% share.
Looking at the states where Urban Oil & Gas Group recorded the highest oil and gas production in December 2021, Alabama figured at the top, accounting for a 32.01% share. The company produced 5,793.04 boe/d in the state in December 2021, a decrease of 2.7% from the previous month.
On a YTD basis, the company produced 69,836.45 boe/d in Alabama in 2021, recording a decrease of 73.56% from the same period in 2020.
Urban Oil & Gas Group witnessed the highest oil and gas production in Tuscaloosa county in December 2021. Out of all the counties, Tuscaloosa county held a share of 22.22% for the firm. The company produced 4,451.11 boe/d in Tuscaloosa county in December 2021, a decrease of 2.65% in production when compared with the previous month.
On a YTD basis, the county produced 53,656.99 boe/d for the company in 2021, a 7.46% 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.