3 Tec Energy recorded an increase of 12.87% in total oil and gas production to 340.66 boe/d in July 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of 3 Tec Energy declined 5.31% in July 2021 from 359.78 boe/d in July 2020.

On a YTD basis, the company’s total oil and gas production decreased by 12.63% from the same period in 2020.

The company’s oil production declined 3.21% to 7.84 bd in July 2021 from the previous month, while gas production up by 11.31% to 1.87 mmcf/d. On a YTD basis, oil production increased by 25.35% in 2021 when compared with the same period in 2020, while gas production declined by 13.56%. Out of the total oil and gas production in July 2021, oil production held a 2.3% share, while gas production held a 94.64% share.

 

Looking at the states where 3 Tec Energy recorded the highest oil and gas production in July 2021, Texas figured at the top, accounting for a 100% share. The company produced 340.66 boe/d in the state in July 2021, an increase of 12.87% from the previous month.

On a YTD basis, the company produced 2,270.3 boe/d in Texas in 2021, recording a decrease of 12.63% from the same period in 2020.

 


 

3 Tec Energy witnessed the highest oil and gas production in Panola county in July 2021. Out of all the counties, Panola county held a share of 64.38% for the firm. The company produced 219.31 boe/d in Panola county in July 2021, an increase of 23.62% in production when compared with the previous month.

On a YTD basis, the county produced 1,356.85 boe/d for the company in 2021, a 17.97% 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.

More in-depth reports and analysis on all reported information are available to subscribers through GlobalData’s Oil and Gas database.