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November 30, 2021

Burgundy Oil & Gas Of N M records 8.17% increase in production in August 2021

By Carmen

Burgundy Oil & Gas Of N M recorded an increase of 8.17% in total oil and gas production to 203.03 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Burgundy Oil & Gas Of N M grew 17.5% in August 2021 from 172.79 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production increased by 15.63% from the same period in 2020.

The company’s oil production declined 1.85% to 116.74 bd in August 2021 from the previous month, while gas production up by 25% to 0.5 mmcf/d. On a YTD basis, oil production increased by 20.29% in 2021 when compared with the same period in 2020, while gas production rose by 8.78%. Out of the total oil and gas production in August 2021, oil production held a 57.5% share, while gas production held a 42.46% share.

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Looking at the states where Burgundy Oil & Gas Of N M recorded the highest oil and gas production in August 2021, New Mexico figured at the top, accounting for a 100% share. The company produced 203.03 boe/d in the state in August 2021, an increase of 8.17% from the previous month.

On a YTD basis, the company produced 1,466.96 boe/d in New Mexico in 2021, recording an increase of 15.63% from the same period in 2020.



Burgundy Oil & Gas Of N M witnessed the highest oil and gas production in Lea county in August 2021. Out of all the counties, Lea county held a share of 91.84% for the firm. The company produced 186.47 boe/d in Lea county in August 2021, an increase of 7.59% in production when compared with the previous month.

On a YTD basis, the county produced 1,358.46 boe/d for the company in 2021, a 9.9% increase 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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