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November 16, 2021

GMT Exploration records 14.97% decrease in production in August 2021

By Carmen

GMT Exploration recorded a decrease of 14.97% in total oil and gas production to 657.93 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of GMT Exploration declined 14.03% in August 2021 from 765.31 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production increased by 53.78% from the same period in 2020.

The company’s oil production declined 79.41% to 4.45 bd in August 2021 from the previous month, while gas production declined by 13.07% to 3.79 mmcf/d. On a YTD basis, oil production decreased by 18.02% in 2021 when compared with the same period in 2020, while gas production rose by 54.84%. Out of the total oil and gas production in August 2021, oil production held a 0.68% share, while gas production held a 99.32% share.

 

Looking at the states where GMT Exploration recorded the highest oil and gas production in August 2021, Wyoming figured at the top, accounting for a 100% share. The company produced 657.93 boe/d in the state in August 2021, a decrease of 14.97% from the previous month.

On a YTD basis, the company produced 5,664.96 boe/d in Wyoming in 2021, recording an increase of 53.78% from the same period in 2020.

 

 

GMT Exploration witnessed the highest oil and gas production in Sweetwater county in August 2021. Out of all the counties, Sweetwater county held a share of 92.86% for the firm. The company produced 610.98 boe/d in Sweetwater county in August 2021, a decrease of 13.9% in production when compared with the previous month.

On a YTD basis, the county produced 5,464.05 boe/d for the company in 2021, a 58.51% 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.

More in-depth reports and analysis on all reported information are available to subscribers through GlobalData’s Oil and Gas database.

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