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December 1, 2021

Costa Energy records 3.11% increase in production in August 2021

By Carmen

Costa Energy recorded an increase of 3.11% in total oil and gas production to 186.15 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Costa Energy declined 69.26% in August 2021 from 605.49 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production decreased by 76.48% from the same period in 2020.

The company’s oil production stood at 0.27 bd in August 2021, while gas production up by 3.37% to 0.92 mmcf/d. On a YTD basis, oil production decreased by 98.77% in 2021 when compared with the same period in 2020, while gas production declined by 77.78%. Out of the total oil and gas production in August 2021, oil production held a 0.15% share, while gas production held an 85.21% share.

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Looking at the states where Costa Energy recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 184.14 boe/d in the state in August 2021, an increase of 1.99% from the previous month.

On a YTD basis, the company produced 1,621.17 boe/d in Texas in 2021, recording a decrease of 76.56% from the same period in 2020.



Costa Energy witnessed the highest oil and gas production in Newton county in August 2021. Out of all the counties, Newton county held a share of 98.92% for the firm. The company produced 184.14 boe/d in Newton county in August 2021, an increase of 1.99% in production when compared with the previous month.

On a YTD basis, the county produced 1,621.17 boe/d for the company in 2021, a 31.49% 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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