HG Energy recorded a decrease of 10.07% in total oil and gas production to 93,539.23 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of HG Energy grew 11.08% in August 2021 from 84,208.67 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production increased by 7.97% from the same period in 2020.
The company’s oil production declined 2.45% to 1,090.79 bd in August 2021 from the previous month, while gas production declined by 10.69% to 498.33 mmcf/d. On a YTD basis, oil production decreased by 29.65% in 2021 when compared with the same period in 2020, while gas production rose by 11.56%. Out of the total oil and gas production in August 2021, oil production held a 1.17% share, while gas production held a 91.85% share.
Looking at the states where HG Energy recorded the highest oil and gas production in August 2021, West Virginia figured at the top, accounting for a 100% share. The company produced 85,147.23 boe/d in the state in August 2021, a decrease of 10.72% from the previous month.
On a YTD basis, the company produced 703,212.89 boe/d in West Virginia in 2021, recording a decrease of 1.41% from the same period in 2020.
HG Energy witnessed the highest oil and gas production in Harrison county in August 2021. Out of all the counties, Harrison county held a share of 49.8% for the firm. The company produced 46,578.37 boe/d in Harrison county in August 2021, a decrease of 16.66% in production when compared with the previous month.
On a YTD basis, the county produced 370,438.37 boe/d for the company in 2021, an 88.89% 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.