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Fina Oil & Chemical recorded a decrease of 6.04% in total oil and gas production to 1,446.37 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Fina Oil & Chemical declined 3.68% in August 2021 from 1,501.64 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production decreased by 17.5% from the same period in 2020.
The company’s oil production declined 1.46% to 404.2 bd in August 2021 from the previous month, while gas production declined by 7.75% to 5.71 mmcf/d. On a YTD basis, oil production decreased by 28.06% in 2021 when compared with the same period in 2020, while gas production declined by 14.28%. Out of the total oil and gas production in August 2021, oil production held a 27.95% share, while gas production held a 68.06% share.
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By GlobalDataLooking at the states where Fina Oil & Chemical recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 1,446.37 boe/d in the state in August 2021, a decrease of 5.61% from the previous month.
On a YTD basis, the company produced 10,891.6 boe/d in Texas in 2021, recording a decrease of 18.13% from the same period in 2020.
Fina Oil & Chemical witnessed the highest oil and gas production in Starr county in August 2021. Out of all the counties, Starr county held a share of 23.35% for the firm. The company produced 337.76 boe/d in Starr county in August 2021, an increase of 1.35% in production when compared with the previous month.
On a YTD basis, the county produced 2,806.16 boe/d for the company in 2021, a 7.86% 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.
