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December 1, 2021

Crown Quest Operating records 8.9% increase in production in August 2021

By Carmen

Crown Quest Operating recorded an increase of 8.9% in total oil and gas production to 132,073.62 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Crown Quest Operating grew 46.71% in August 2021 from 90,020.58 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production increased by 24.58% from the same period in 2020.

The company’s oil production grew 13.68% to 84,521.02 bd in August 2021 from the previous month, while gas production up by 1.33% to 275.81 mmcf/d. On a YTD basis, oil production increased by 20.7% in 2021 when compared with the same period in 2020, while gas production rose by 32.47%. Out of the total oil and gas production in August 2021, oil production held a 64% share, while gas production held a 36% share.

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Looking at the states where Crown Quest Operating recorded the highest oil and gas production in August 2021, Texas figured at the top. The company produced 132,054.7 boe/d in the state in August 2021, an increase of 8.9% from the previous month.

On a YTD basis, the company produced 1,005,933.14 boe/d in Texas in 2021, recording an increase of 24.54% from the same period in 2020.



Crown Quest Operating witnessed the highest oil and gas production in Howard county in August 2021. Out of all the counties, Howard county held a share of 45.08% for the firm. The company produced 59,540.61 boe/d in Howard county in August 2021, an increase of 20.45% in production when compared with the previous month.

On a YTD basis, the county produced 395,304.19 boe/d for the company in 2021, a 43.46% increase 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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