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Forest Oil recorded a decrease of 5.98% in total oil and gas production to 532.7 boe/d in October 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Forest Oil declined 9.58% in October 2021 from 589.13 boe/d in October 2020.
On a YTD basis, the company’s total oil and gas production decreased by 15.29% from the same period in 2020.
The company’s oil production declined 1.9% to 201.25 bd in October 2021 from the previous month, while gas production declined by 5.39% to 2.28 mmcf/d. On a YTD basis, oil production increased by 2.41% in 2021 when compared with the same period in 2020, while gas production declined by 10.94%. Out of the total oil and gas production in October 2021, oil production held a 37.78% share, while gas production held a 73.79% share.
Looking at the states where Forest Oil recorded the highest oil and gas production in October 2021, Texas figured at the top, accounting for a 100% share. The company produced 532.7 boe/d in the state in October 2021, a decrease of 5.98% from the previous month.
On a YTD basis, the company produced 5,475.87 boe/d in Texas in 2021, recording a decrease of 15.29% from the same period in 2020.
Forest Oil witnessed the highest oil and gas production in Wood county in October 2021. Out of all the counties, Wood county held a share of 19.21% for the firm. The company produced 102.32 boe/d in Wood county in October 2021, a decrease of 3.64% in production when compared with the previous month.
On a YTD basis, the county produced 1,533.08 boe/d for the company in 2021, a 36.26% 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.
