Discovery Operating recorded an increase of 10.51% in total oil and gas production to 11,200.29 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Discovery Operating declined 1.11% in August 2021 from 11,325.52 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production increased by 34.46% from the same period in 2020.
The company’s oil production grew 13.47% to 7,861.69 bd in August 2021 from the previous month, while gas production up by 4.2% to 19.35 mmcf/d. On a YTD basis, oil production increased by 25.11% in 2021 when compared with the same period in 2020, while gas production rose by 65.1%. Out of the total oil and gas production in August 2021, oil production held a 70.19% share, while gas production held a 29.79% share.
Looking at the states where Discovery Operating recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 11,195.39 boe/d in the state in August 2021, an increase of 10.76% from the previous month.
On a YTD basis, the company produced 89,809.62 boe/d in Texas in 2021, recording an increase of 34.22% from the same period in 2020.
Discovery Operating witnessed the highest oil and gas production in Midland county in August 2021. Out of all the counties, Midland county held a share of 52.09% for the firm. The company produced 5,833.73 boe/d in Midland county in August 2021, a decrease of 17.35% in production when compared with the previous month.
On a YTD basis, the county produced 58,008.96 boe/d for the company in 2021, a 31.13% 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.