HEP Oil GP recorded a decrease of 14.73% in total oil and gas production to 52.43 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of HEP Oil GP declined 57.47% in August 2021 from 123.27 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production decreased by 42.25% from the same period in 2020.
The company’s oil production declined 27.34% to 26.87 bd in August 2021 from the previous month, while gas production stood at 0.14 mmcf/d. On a YTD basis, oil production decreased by 46.6% in 2021 when compared with the same period in 2020, while gas production declined by 37.67%. Out of the total oil and gas production in August 2021, oil production held a 51.25% share, while gas production held a 46.04% share.
Looking at the states where HEP Oil GP recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 52.43 boe/d in the state in August 2021, a decrease of 5.38% from the previous month.
On a YTD basis, the company produced 464.43 boe/d in Texas in 2021, recording a decrease of 43.67% from the same period in 2020.
HEP Oil GP witnessed the highest oil and gas production in Jack county in August 2021. Out of all the counties, Jack county held a share of 34.52% for the firm. The company produced 18.1 boe/d in Jack county in August 2021, a decrease of 8.22% in production when compared with the previous month.
On a YTD basis, the county produced 142.85 boe/d for the company in 2021, a 12.9% decrease 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.