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November 29, 2021

Allegiant Resources records 4.16% increase in production in August 2021

By Carmen

Allegiant Resources recorded an increase of 4.16% in total oil and gas production to 147.89 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Allegiant Resources declined 22.69% in August 2021 from 191.29 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production decreased by 14.12% from the same period in 2020.

The company’s oil production grew 3.17% to 124.84 bd in August 2021 from the previous month, while gas production up by 8.33% to 0.13 mmcf/d. On a YTD basis, oil production decreased by 15.58% in 2021 when compared with the same period in 2020, while gas production declined by 4.42%. Out of the total oil and gas production in August 2021, oil production held an 84.41% share, while gas production held a 15.15% share.

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Looking at the states where Allegiant Resources recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 147.89 boe/d in the state in August 2021, an increase of 4.16% from the previous month.

On a YTD basis, the company produced 1,260.91 boe/d in Texas in 2021, recording a decrease of 14.12% from the same period in 2020.



Allegiant Resources witnessed the highest oil and gas production in Victoria county in August 2021. Out of all the counties, Victoria county held a share of 88.06% for the firm. The company produced 130.23 boe/d in Victoria county in August 2021, an increase of 6.19% in production when compared with the previous month.

On a YTD basis, the county produced 1,057.27 boe/d for the company in 2021, a 7.5% 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.

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