Abaco Operating recorded a decrease of 0.59% in total oil and gas production to 444.82 boe/d in July 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Abaco Operating declined 19.25% in July 2021 from 550.86 boe/d in July 2020.
On a YTD basis, the company’s total oil and gas production decreased by 16.48% from the same period in 2020.
The company’s oil production declined 3% to 42 bd in July 2021 from the previous month, while gas production stood at 2.22 mmcf/d. On a YTD basis, oil production decreased by 27.21% in 2021 when compared with the same period in 2020, while gas production declined by 15.26%. Out of the total oil and gas production in July 2021, oil production held a 9.44% share, while gas production held an 86.05% share.
Looking at the states where Abaco Operating recorded the highest oil and gas production in July 2021, Texas figured at the top, accounting for a 100% share. The company produced 444.82 boe/d in the state in July 2021, a decrease of 0.59% from the previous month.
On a YTD basis, the company produced 3,225.91 boe/d in Texas in 2021, recording a decrease of 16.48% from the same period in 2020.
Abaco Operating witnessed the highest oil and gas production in Kenedy county in July 2021. Out of all the counties, Kenedy county held a share of 50.69% for the firm. The company produced 225.47 boe/d in Kenedy county in July 2021, a decrease of 3.45% in production when compared with the previous month.
On a YTD basis, the county produced 1,703.3 boe/d for the company in 2021, a 7.23% decrease from the same period in 2020.
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.