Arcadia Operating recorded a decrease of 4.75% in total oil and gas production to 552.02 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Arcadia Operating grew 23.36% in August 2021 from 447.48 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production increased by 61.68% from the same period in 2020.
The company’s oil production declined 4.04% to 461.63 bd in August 2021 from the previous month, while gas production declined by 9.62% to 0.47 mmcf/d. On a YTD basis, oil production increased by 151.13% in 2021 when compared with the same period in 2020, while gas production declined by 16.41%. Out of the total oil and gas production in August 2021, oil production held an 83.63% share, while gas production held a 14.68% share.
Looking at the states where Arcadia Operating recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 552.02 boe/d in the state in August 2021, a decrease of 4.75% from the previous month.
On a YTD basis, the company produced 5,723.54 boe/d in Texas in 2021, recording an increase of 61.68% from the same period in 2020.
Arcadia Operating witnessed the highest oil and gas production in Polk county in August 2021. Out of all the counties, Polk county held a share of 75.37% for the firm. The company produced 416.08 boe/d in Polk county in August 2021, a decrease of 6.44% in production when compared with the previous month.
On a YTD basis, the county produced 4,090.48 boe/d for the company in 2021, a 208.56% 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.