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November 29, 2021

Barnes Oil & Gas records 7.36% increase in production in August 2021

By Carmen

Barnes Oil & Gas recorded an increase of 7.36% in total oil and gas production to 61.69 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Barnes Oil & Gas declined 30.12% in August 2021 from 88.28 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production decreased by 26.93% from the same period in 2020.

The company’s oil production grew 11.54% to 0.29 bd in August 2021 from the previous month, while gas production up by 6.06% to 0.35 mmcf/d. On a YTD basis, oil production decreased by 51.24% in 2021 when compared with the same period in 2020, while gas production declined by 26.53%. Out of the total oil and gas production in August 2021, oil production held a 0.47% share, while gas production held a 97.81% share.


Looking at the states where Barnes Oil & Gas recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 61.69 boe/d in the state in August 2021, an increase of 7.36% from the previous month.

On a YTD basis, the company produced 497.75 boe/d in Texas in 2021, recording a decrease of 27.92% from the same period in 2020.



Barnes Oil & Gas witnessed the highest oil and gas production in Wise county in August 2021. Out of all the counties, Wise county held a share of 100% for the firm. The company produced 61.69 boe/d in Wise county in August 2021, an increase of 7.36% in production when compared with the previous month.

On a YTD basis, the county produced 497.75 boe/d for the company in 2021, a 27.92% 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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