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Foundation Energy Management recorded a decrease of 2.6% in total oil and gas production to 22,058.5 boe/d in December 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Foundation Energy Management grew 108.04% in December 2021 from 10,603.05 boe/d in December 2020.

On a YTD basis, the company’s total oil and gas production increased by 24.89% from the same period in 2020.

The company’s oil production declined 3.04% to 3,437.34 bd in December 2021 from the previous month, while gas production declined by 2.51% to 107.97 mmcf/d. On a YTD basis, oil production increased by 9.61% in 2021 when compared with the same period in 2020, while gas production rose by 28.46%. Out of the total oil and gas production in December 2021, oil production held a 15.58% share, while gas production held an 84.39% share.

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Looking at the states where Foundation Energy Management recorded the highest oil and gas production in December 2021, Oklahoma figured at the top, accounting for a 4.53% share. The company produced 13,969.46 boe/d in the state in December 2021, a decrease of 3% from the previous month.

On a YTD basis, the company produced 1,64,374.18 boe/d in Oklahoma in 2021, recording a decrease of 22.28% from the same period in 2020.



Foundation Energy Management witnessed the highest oil and gas production in Coal county in December 2021. Out of all the counties, Coal county held a share of 27.89% for the firm. The company produced 6,152.66 boe/d in Coal county in December 2021, an increase of 0.4% in production when compared with the previous month.

On a YTD basis, the county produced 69,963 boe/d for the company in 2021, a 65.37% 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.