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November 30, 2021

CIC Partners records 9.84% decrease in production in August 2021

By Carmen

CIC Partners recorded a decrease of 9.84% in total oil and gas production to 159.75 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of CIC Partners declined 28.89% in August 2021 from 224.65 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production decreased by 27.26% from the same period in 2020.

The company’s oil production declined 3.46% to 130.18 bd in August 2021 from the previous month, while gas production declined by 32% to 0.17 mmcf/d. On a YTD basis, oil production decreased by 22.94% in 2021 when compared with the same period in 2020, while gas production declined by 42.4%. Out of the total oil and gas production in August 2021, oil production held an 81.49% share, while gas production held an 18.35% share.

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Looking at the states where CIC Partners recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 157 boe/d in the state in August 2021, a decrease of 5.91% from the previous month.

On a YTD basis, the company produced 1,373.97 boe/d in Texas in 2021, recording a decrease of 29.94% from the same period in 2020.



CIC Partners witnessed the highest oil and gas production in Dimmit county in August 2021. Out of all the counties, Dimmit county held a share of 81.54% for the firm. The company produced 130.26 boe/d in Dimmit county in August 2021, a decrease of 4.4% in production when compared with the previous month.

On a YTD basis, the county produced 1,199.76 boe/d for the company in 2021, a 34.58% 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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