Gaither Petroleum recorded an increase of 6.04% in total oil and gas production to 530.95 boe/d in October 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Gaither Petroleum grew 34.27% in October 2021 from 395.44 boe/d in October 2020.
On a YTD basis, the company’s total oil and gas production increased by 9.76% from the same period in 2020.
The company’s oil production grew 10.11% to 461.36 bd in October 2021 from the previous month, while gas production declined by 26.67% to 0.11 mmcf/d. On a YTD basis, oil production decreased by 3.83% in 2021 when compared with the same period in 2020, while gas production declined by 17.28%. Out of the total oil and gas production in October 2021, oil production held an 86.89% share, while gas production held a 3.57% share.
Looking at the states where Gaither Petroleum recorded the highest oil and gas production in October 2021, Texas figured at the top, accounting for a 100% share. The company produced 530.95 boe/d in the state in October 2021, an increase of 6.04% from the previous month.
On a YTD basis, the company produced 4,932.5 boe/d in Texas in 2021, recording an increase of 9.76% from the same period in 2020.
Gaither Petroleum witnessed the highest oil and gas production in Liberty county in October 2021. Out of all the counties, Liberty county held a share of 46.93% for the firm. The company produced 249.19 boe/d in Liberty county in October 2021, a decrease of 0.02% in production when compared with the previous month.
On a YTD basis, the county produced 2,856.83 boe/d for the company in 2021, a 9.54% 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.