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December 3, 2021

Gulftex Operating records 33.85% increase in production in August 2021

By Carmen

Gulftex Operating recorded an increase of 33.85% in total oil and gas production to 105.78 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Gulftex Operating declined 11.3% in August 2021 from 119.26 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production decreased by 15.41% from the same period in 2020.

The company’s gas production up by 32.61% to 0.61 mmcf/d in August 2021 from the previous month. On a YTD basis, gas production declined by 15.47% in 2021 when compared with the same period in 2020. Out of the total oil and gas production in August 2021, gas production held a 99.42% share.

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Looking at the states where Gulftex Operating recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 105.78 boe/d in the state in August 2021, an increase of 33.85% from the previous month.

On a YTD basis, the company produced 688.07 boe/d in Texas in 2021, recording a decrease of 15.41% from the same period in 2020.



Gulftex Operating witnessed the highest oil and gas production in Denton county in August 2021. Out of all the counties, Denton county held a share of 100% for the firm. The company produced 105.78 boe/d in Denton county in August 2021, an increase of 33.85% in production when compared with the previous month.

On a YTD basis, the county produced 688.07 boe/d for the company in 2021, a 15.41% decrease 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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