Approach Resources recorded an increase of 17.53% in total oil and gas production to 16,577.74 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Approach Resources grew 80.96% in August 2021 from 9,161.15 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production increased by 12.56% from the same period in 2020.
The company’s oil production grew 17.33% to 3,804.26 bd in August 2021 from the previous month, while gas production up by 17.87% to 73.27 mmcf/d. On a YTD basis, oil production increased by 8.69% in 2021 when compared with the same period in 2020, while gas production rose by 14.43%. Out of the total oil and gas production in August 2021, oil production held a 22.95% share, while gas production held a 76.2% share.
Looking at the states where Approach Resources recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 16,577.74 boe/d in the state in August 2021, an increase of 17.53% from the previous month.
On a YTD basis, the company produced 86,262.94 boe/d in Texas in 2021, recording an increase of 12.56% from the same period in 2020.
Approach Resources witnessed the highest oil and gas production in Crockett county in August 2021. Out of all the counties, Crockett county held a share of 99.08% for the firm. The company produced 16,425.76 boe/d in Crockett county in August 2021, an increase of 17.66% in production when compared with the previous month.
On a YTD basis, the county produced 85,001.93 boe/d for the company in 2021, a 12.97% increase 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.
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.