Contango Oil & Gas recorded a decrease of 17.28% in total oil and gas production to 26,779.06 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Contango Oil & Gas grew 4.75% in August 2021 from 25,565.1 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production increased by 4.1% from the same period in 2020.
The company’s oil production declined 2.8% to 18,784.32 bd in August 2021 from the previous month, while gas production declined by 38.79% to 46.2 mmcf/d. On a YTD basis, oil production increased by 0.77% in 2021 when compared with the same period in 2020, while gas production rose by 11.26%. Out of the total oil and gas production in August 2021, oil production held a 70.15% share, while gas production held a 29.74% share.
Looking at the states where Contango Oil & Gas recorded the highest oil and gas production in August 2021, Oklahoma figured at the top, accounting for a 75.14% share. The company produced 7,388.4 boe/d in the state in August 2021, a decrease of 37.12% from the previous month.
On a YTD basis, the company produced 69,145.28 boe/d in Oklahoma in 2021, recording a decrease of 69.68% from the same period in 2020.
Contango Oil & Gas witnessed the highest oil and gas production in Kern county in August 2021. Out of all the counties, Kern county held a share of 26.5% for the firm. The company produced 7,097.3 boe/d in Kern county in August 2021, a decrease of 0.95% in production when compared with the previous month.
On a YTD basis, the county produced 58,028.69 boe/d for the company in 2021, a 3.45% increase 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.