Vernon E Faulconer recorded a decrease of 7.24% in total oil and gas production to 529.49 boe/d in December 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Vernon E Faulconer grew 68.13% in December 2021 from 314.92 boe/d in December 2020.
On a YTD basis, the company’s total oil and gas production increased by 29.23% from the same period in 2020.
The company’s oil production declined 3.24% to 41.23 bd in December 2021 from the previous month, while gas production declined by 7.52% to 2.83 mmcf/d. On a YTD basis, oil production increased by 11.51% in 2021 when compared with the same period in 2020, while gas production rose by 30.82%. Out of the total oil and gas production in December 2021, oil production held a 7.79% share, while gas production held a 92.15% share.
Looking at the states where Vernon E Faulconer recorded the highest oil and gas production in December 2021, Louisiana figured at the top, accounting for a 50.88% share. The company produced 350.93 boe/d in the state in December 2021, a decrease of 1.57% from the previous month.
On a YTD basis, the company produced 4,063.12 boe/d in Louisiana in 2021, recording a decrease of 16.82% from the same period in 2020.
Vernon E Faulconer witnessed the highest oil and gas production in Eddy county in December 2021. Out of all the counties, Eddy county held a share of 31.18% for the firm. The company produced 165.08 boe/d in Eddy county in December 2021, a decrease of 17.64% in production when compared with the previous month.
On a YTD basis, the county produced 2,136.11 boe/d for the company in 2021, a 964.54% 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.