Gulf Exploration recorded a decrease of 15.64% in total oil and gas production to 558.85 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Gulf Exploration grew 97.76% in August 2021 from 282.59 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production increased by 138.56% from the same period in 2020.
The company’s oil production declined 20.27% to 300.19 bd in August 2021 from the previous month, while gas production declined by 9.64% to 1.5 mmcf/d. On a YTD basis, oil production increased by 30.1% in 2021 when compared with the same period in 2020, while gas production. Out of the total oil and gas production in August 2021, oil production held a 53.72% share, while gas production held a 46.28% share.
Looking at the states where Gulf Exploration recorded the highest oil and gas production in August 2021, Oklahoma figured at the top. The company produced 405.89 boe/d in the state in August 2021, a decrease of 19.6% from the previous month.
On a YTD basis, the company produced 3,995.18 boe/d in Oklahoma in 2021, recording an increase of 80.67% from the same period in 2020.
Gulf Exploration witnessed the highest oil and gas production in Fall River county in August 2021. Out of all the counties, Fall River county held a share of 21.24% for the firm. The company produced 118.69 boe/d in Fall River county in August 2021, a decrease of 3.58% in production when compared with the previous month.
On a YTD basis, the county produced 1,048.25 boe/d for the company in 2021, a 139.44% 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.