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December 3, 2021

Kimbell Oil records 0.12% decrease in production in August 2021

By Carmen

Kimbell Oil recorded a decrease of 0.12% in total oil and gas production to 129.75 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Kimbell Oil declined 7.64% in August 2021 from 140.48 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production increased by 5.23% from the same period in 2020.

The company’s oil production grew 15.22% to 12.04 bd in August 2021 from the previous month, while gas production declined by 1.45% to 0.68 mmcf/d. On a YTD basis, oil production increased by 77.55% in 2021 when compared with the same period in 2020, while gas production rose by 1.06%. Out of the total oil and gas production in August 2021, oil production held a 9.28% share, while gas production held a 90.36% share.

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Looking at the states where Kimbell Oil recorded the highest oil and gas production in August 2021, New Mexico figured at the top, accounting for an 8.7% share. The company produced 119.36 boe/d in the state in August 2021, a decrease of 0.67% from the previous month.

On a YTD basis, the company produced 1,017.55 boe/d in New Mexico in 2021, recording a decrease of 1.55% from the same period in 2020.



Kimbell Oil witnessed the highest oil and gas production in Rio Arriba county in August 2021. Out of all the counties, Rio Arriba county held a share of 84.96% for the firm. The company produced 110.23 boe/d in Rio Arriba county in August 2021, a decrease of 1.62% in production when compared with the previous month.

On a YTD basis, the county produced 958.84 boe/d for the company in 2021, a 1.51% 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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