Fasken Oil & Ranch recorded an increase of 4.32% in total oil and gas production to 43,797.34 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Fasken Oil & Ranch grew 15.64% in August 2021 from 37,875.27 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production increased by 18.39% from the same period in 2020.
The company’s oil production grew 10.32% to 23,739.96 bd in August 2021 from the previous month, while gas production declined by 0.93% to 100.4 mmcf/d. On a YTD basis, oil production increased by 44.2% in 2021 when compared with the same period in 2020, while gas production rose by 0.9%. Out of the total oil and gas production in August 2021, oil production held a 54.2% share, while gas production held a 39.52% share.
Looking at the states where Fasken Oil & Ranch recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 42,188.71 boe/d in the state in August 2021, an increase of 4.73% from the previous month.
On a YTD basis, the company produced 301,039 boe/d in Texas in 2021, recording an increase of 13.65% from the same period in 2020.
Fasken Oil & Ranch witnessed the highest oil and gas production in Midland county in August 2021. Out of all the counties, Midland county held a share of 30.25% for the firm. The company produced 13,247.52 boe/d in Midland county in August 2021, a decrease of 8.68% in production when compared with the previous month.
On a YTD basis, the county produced 116,997.03 boe/d for the company in 2021, a 121.37% 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.