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December 3, 2021

Houston Oil Producing Enterprise records 4.72% decrease in production in August 2021

By Carmen

Houston Oil Producing Enterprise recorded a decrease of 4.72% in total oil and gas production to 139.94 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Houston Oil Producing Enterprise grew 27.48% in August 2021 from 109.77 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production increased by 13.39% from the same period in 2020.

The company’s oil production declined 5.23% to 125.7 bd in August 2021 from the previous month, while gas production stood at 0.08 mmcf/d. On a YTD basis, oil production increased by 17.18% in 2021 when compared with the same period in 2020, while gas production declined by 10%. Out of the total oil and gas production in August 2021, oil production held an 89.82% share, while gas production held a 9.85% share.

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Looking at the states where Houston Oil Producing Enterprise recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 139.94 boe/d in the state in August 2021, a decrease of 4.72% from the previous month.

On a YTD basis, the company produced 1,136.62 boe/d in Texas in 2021, recording an increase of 13.39% from the same period in 2020.



Houston Oil Producing Enterprise witnessed the highest oil and gas production in Galveston county in August 2021. Out of all the counties, Galveston county held a share of 86.42% for the firm. The company produced 120.94 boe/d in Galveston county in August 2021, an increase of 0.76% in production when compared with the previous month.

On a YTD basis, the county produced 938.86 boe/d for the company in 2021, a 13.9% 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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