Faith Energy recorded an increase of 3.09% in total oil and gas production to 123.05 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Faith Energy grew 40.69% in August 2021 from 87.46 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production increased by 14.58% from the same period in 2020.
The company’s oil production grew 3.56% to 102.28 bd in August 2021 from the previous month, while gas production stood at 0.12 mmcf/d. On a YTD basis, oil production increased by 19.37% in 2021 when compared with the same period in 2020, while gas production declined by 4.26%. Out of the total oil and gas production in August 2021, oil production held an 83.12% share, while gas production held a 16.81% share.
Looking at the states where Faith Energy recorded the highest oil and gas production in August 2021, Louisiana figured at the top, accounting for a 0.07% share. The company produced 73.39 boe/d in the state in August 2021, a decrease of 2.63% from the previous month.
On a YTD basis, the company produced 556.12 boe/d in Louisiana in 2021, recording a decrease of 31.62% from the same period in 2020.
Faith Energy witnessed the highest oil and gas production in Nevada county in August 2021. Out of all the counties, Nevada county held a share of 40.32% for the firm. The company produced 49.61 boe/d in Nevada county in August 2021, an increase of 13.01% in production when compared with the previous month.
On a YTD basis, the county produced 374.98 boe/d for the company in 2021, a 29.03% 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.