Forty Acres Energy recorded an increase of 4.6% in total oil and gas production to 196.81 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Forty Acres Energy declined 30.38% in August 2021 from 282.68 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production decreased by 48.68% from the same period in 2020.
The company’s oil production grew 7.35% to 170.94 bd in August 2021 from the previous month, while gas production declined by 11.76% to 0.15 mmcf/d. On a YTD basis, oil production decreased by 48.99% in 2021 when compared with the same period in 2020, while gas production declined by 47.3%. Out of the total oil and gas production in August 2021, oil production held an 86.86% share, while gas production held a 13.14% share.
Looking at the states where Forty Acres Energy recorded the highest oil and gas production in August 2021, New Mexico figured at the top, accounting for a 100% share. The company produced 196.81 boe/d in the state in August 2021, an increase of 4.6% from the previous month.
On a YTD basis, the company produced 1,454.12 boe/d in New Mexico in 2021, recording a decrease of 48.68% from the same period in 2020.
Forty Acres Energy witnessed the highest oil and gas production in Lea county in August 2021. Out of all the counties, Lea county held a share of 100% for the firm. The company produced 196.81 boe/d in Lea county in August 2021, an increase of 4.6% in production when compared with the previous month.
On a YTD basis, the county produced 1,454.12 boe/d for the company in 2021, a 48.68% 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.
