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December 3, 2021

Holmes Exploration records 1.67% decrease in production in August 2021

By Carmen

Holmes Exploration recorded a decrease of 1.67% in total oil and gas production to 2,771.44 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Holmes Exploration grew 35.82% in August 2021 from 2,040.51 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production increased by 4.07% from the same period in 2020.

The company’s oil production declined 3.22% to 915.11 bd in August 2021 from the previous month, while gas production declined by 0.93% to 10.64 mmcf/d. On a YTD basis, oil production increased by 7.33% in 2021 when compared with the same period in 2020, while gas production rose by 2.7%. Out of the total oil and gas production in August 2021, oil production held a 33.02% share, while gas production held a 66.19% share.

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Looking at the states where Holmes Exploration recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 2,771.44 boe/d in the state in August 2021, a decrease of 1.67% from the previous month.

On a YTD basis, the company produced 20,171.98 boe/d in Texas in 2021, recording an increase of 4.07% from the same period in 2020.



Holmes Exploration witnessed the highest oil and gas production in Ochiltree county in August 2021. Out of all the counties, Ochiltree county held a share of 64.09% for the firm. The company produced 1,776.25 boe/d in Ochiltree county in August 2021, a decrease of 0.8% in production when compared with the previous month.

On a YTD basis, the county produced 12,314.49 boe/d for the company in 2021, a 7.56% 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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