Classic Operating recorded an increase of 9.25% in total oil and gas production to 2,277.92 boe/d in July 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Classic Operating declined 6.65% in July 2021 from 2,440.19 boe/d in July 2020.

On a YTD basis, the company’s total oil and gas production decreased by 12.14% from the same period in 2020.

The company’s gas production up by 9.44% to 12.99 mmcf/d in July 2021 from the previous month. On a YTD basis, gas production declined by 12.03% in 2021 when compared with the same period in 2020. Out of the total oil and gas production in July 2021, gas production held a 98.32% share.

 

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By GlobalData

Looking at the states where Classic Operating recorded the highest oil and gas production in July 2021, Texas figured at the top, accounting for a 100% share. The company produced 2,277.92 boe/d in the state in July 2021, an increase of 9.25% from the previous month.

On a YTD basis, the company produced 15,403.33 boe/d in Texas in 2021, recording a decrease of 12.14% from the same period in 2020.

 


 

Classic Operating witnessed the highest oil and gas production in Panola county in July 2021. Out of all the counties, Panola county held a share of 72.92% for the firm. The company produced 1,661.13 boe/d in Panola county in July 2021, an increase of 14.83% in production when compared with the previous month.

On a YTD basis, the county produced 11,110.79 boe/d for the company in 2021, an 11.88% 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.

More in-depth reports and analysis on all reported information are available to subscribers through GlobalData’s Oil and Gas database.