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November 30, 2021

Classic Energy records 1.19% increase in production in August 2021

By Carmen

Classic Energy recorded an increase of 1.19% in total oil and gas production to 384.73 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Classic Energy grew 0.18% in August 2021 from 384.05 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production decreased by 10.5% from the same period in 2020.

The company’s gas production up by 1.91% to 2.13 mmcf/d in August 2021 from the previous month. On a YTD basis, gas production declined by 10.11% in 2021 when compared with the same period in 2020. Out of the total oil and gas production in August 2021, gas production held a 95.45% share.

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Looking at the states where Classic Energy recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 384.73 boe/d in the state in August 2021, an increase of 1.19% from the previous month.

On a YTD basis, the company produced 2,939.57 boe/d in Texas in 2021, recording a decrease of 10.5% from the same period in 2020.



Classic Energy witnessed the highest oil and gas production in Panola county in August 2021. Out of all the counties, Panola county held a share of 87.24% for the firm. The company produced 335.65 boe/d in Panola county in August 2021, a decrease of 1.09% in production when compared with the previous month.

On a YTD basis, the county produced 2,555.57 boe/d for the company in 2021, a 12.18% 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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