Classic Operating recorded a decrease of 4.06% in total oil and gas production to 2,186.54 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Classic Operating declined 4.33% in August 2021 from 2,285.6 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production decreased by 11.24% from the same period in 2020.
The company’s gas production declined by 3.93% to 12.48 mmcf/d in August 2021 from the previous month. On a YTD basis, gas production declined by 11.14% 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 98.41% share.
Looking at the states where Classic Operating recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 2,186.54 boe/d in the state in August 2021, a decrease of 4.06% from the previous month.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
On a YTD basis, the company produced 17,590.93 boe/d in Texas in 2021, recording a decrease of 11.24% from the same period in 2020.
Classic Operating witnessed the highest oil and gas production in Panola county in August 2021. Out of all the counties, Panola county held a share of 72.37% for the firm. The company produced 1,582.38 boe/d in Panola county in August 2021, a decrease of 4.8% in production when compared with the previous month.
On a YTD basis, the county produced 12,694.24 boe/d for the company in 2021, a 10.97% decrease 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.