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Crest Resources recorded a decrease of 6.42% in total oil and gas production to 1,221.03 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Crest Resources grew 81.25% in August 2021 from 673.68 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production increased by 59.08% from the same period in 2020.
The company’s oil production declined 20.39% to 84.15 bd in August 2021 from the previous month, while gas production declined by 5.22% to 6.36 mmcf/d. On a YTD basis, oil production decreased by 32.26% in 2021 when compared with the same period in 2020, while gas production rose by 88.75%. Out of the total oil and gas production in August 2021, oil production held a 6.89% share, while gas production held an 89.8% share.
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By GlobalData
Looking at the states where Crest Resources recorded the highest oil and gas production in August 2021, Oklahoma figured at the top, accounting for an 82.31% share. The company produced 669.75 boe/d in the state in August 2021, a decrease of 5.75% from the previous month.
On a YTD basis, the company produced 5,035.91 boe/d in Oklahoma in 2021, recording a decrease of 15.81% from the same period in 2020.
Crest Resources witnessed the highest oil and gas production in Wheeler county in August 2021. Out of all the counties, Wheeler county held a share of 39.14% for the firm. The company produced 477.96 boe/d in Wheeler county in August 2021, a decrease of 8.11% in production when compared with the previous month.
On a YTD basis, the county produced 3,944.35 boe/d for the company in 2021, a 14.45% 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.
