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December 3, 2021

Lighthouse Operating records 3.11% decrease in production in August 2021

By Carmen

Lighthouse Operating recorded a decrease of 3.11% in total oil and gas production to 130.9 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Lighthouse Operating declined 27.78% in August 2021 from 181.26 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production decreased by 22.44% from the same period in 2020.

The company’s gas production declined by 3.57% to 0.54 mmcf/d in August 2021 from the previous month. On a YTD basis, oil production decreased by 80.92% in 2021 when compared with the same period in 2020, while gas production declined by 22.39%. Out of the total oil and gas production in August 2021, gas production held a 71.12% share.

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Looking at the states where Lighthouse Operating recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 130.9 boe/d in the state in August 2021, a decrease of 3.11% from the previous month.

On a YTD basis, the company produced 1,117.66 boe/d in Texas in 2021, recording a decrease of 22.44% from the same period in 2020.



Lighthouse Operating witnessed the highest oil and gas production in Brooks county in August 2021. Out of all the counties, Brooks county held a share of 100% for the firm. The company produced 130.9 boe/d in Brooks county in August 2021, a decrease of 3.11% in production when compared with the previous month.

On a YTD basis, the county produced 1,112.79 boe/d for the company in 2021, a 21.39% 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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