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December 22, 2021

Great American Resources records 33.76% increase in production in September 2021

By Carmen

Great American Resources recorded an increase of 33.76% in total oil and gas production to 71.64 boe/d in September 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Great American Resources declined 10.6% in September 2021 from 80.13 boe/d in September 2020.

On a YTD basis, the company’s total oil and gas production increased by 7.67% from the same period in 2020.

The company’s oil production grew 47.99% to 55.82 bd in September 2021 from the previous month, while gas production stood at 0.09 mmcf/d. On a YTD basis, oil production increased by 20.81% in 2021 when compared with the same period in 2020, while gas production declined by 14.4%. Out of the total oil and gas production in September 2021, oil production held a 77.92% share, while gas production held a 21.66% share.


Looking at the states where Great American Resources recorded the highest oil and gas production in September 2021, Texas figured at the top, accounting for a 100% share. The company produced 71.41 boe/d in the state in September 2021, an increase of 33.88% from the previous month.

On a YTD basis, the company produced 631.28 boe/d in Texas in 2021, recording an increase of 7.31% from the same period in 2020.



Great American Resources witnessed the highest oil and gas production in Wise county in September 2021. Out of all the counties, Wise county held a share of 77.58% for the firm. The company produced 55.58 boe/d in Wise county in September 2021, an increase of 50.09% in production when compared with the previous month.

On a YTD basis, the county produced 445.44 boe/d for the company in 2021, a 17.12% 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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