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December 3, 2021

KFG Resources records 1.17% decrease in production in August 2021

By Carmen

KFG Resources recorded a decrease of 1.17% in total oil and gas production to 93.16 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of KFG Resources declined 24.92% in August 2021 from 124.08 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production decreased by 25.1% from the same period in 2020.

The company’s oil production declined 1.17% to 93.16 bd in August 2021 from the previous month. On a YTD basis, oil production decreased by 25.1% in 2021 when compared with the same period in 2020. Out of the total oil and gas production in August 2021, oil production held a 100% share.


Looking at the states where KFG Resources recorded the highest oil and gas production in August 2021, Mississippi figured at the top, accounting for a 100% share. The company produced 93.16 boe/d in the state in August 2021, a decrease of 1.17% from the previous month.

On a YTD basis, the company produced 701.46 boe/d in Mississippi in 2021, recording a decrease of 25.1% from the same period in 2020.



KFG Resources witnessed the highest oil and gas production in Adams county in August 2021. Out of all the counties, Adams county held a share of 72.2% for the firm. The company produced 67.26 boe/d in Adams county in August 2021, a decrease of 3.74% in production when compared with the previous month.

On a YTD basis, the county produced 486.91 boe/d for the company in 2021, a 20.68% 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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