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February 21, 2022

GMT Exploration Co Texas records 2.97% decrease in production in October 2021

By Carmen

GMT Exploration Co Texas recorded a decrease of 2.97% in total oil and gas production to 17.34 boe/d in October 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of GMT Exploration Co Texas grew 4.9% in October 2021 from 16.53 boe/d in October 2020.

On a YTD basis, the company’s total oil and gas production increased by 5.21% from the same period in 2020.

The company’s gas production declined by 10% to 0.09 mmcf/d in October 2021 from the previous month. On a YTD basis, gas production rose by 4% in 2021 when compared with the same period in 2020. Out of the total oil and gas production in October 2021, gas production held an 89.5% share.


Looking at the states where GMT Exploration Co Texas recorded the highest oil and gas production in October 2021, Texas figured at the top, accounting for a 100% share. The company produced 17.34 boe/d in the state in October 2021, a decrease of 2.97% from the previous month.

On a YTD basis, the company produced 187.15 boe/d in Texas in 2021, recording an increase of 5.21% from the same period in 2020.



GMT Exploration Co Texas witnessed the highest oil and gas production in Rusk county in October 2021. Out of all the counties, Rusk county held a share of 100% for the firm. The company produced 17.34 boe/d in Rusk county in October 2021, a decrease of 2.97% in production when compared with the previous month.

On a YTD basis, the county produced 187.15 boe/d for the company in 2021, a 5.21% 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.

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