Machin Art & Associates recorded a decrease of 2.29% in total oil and gas production to 82.01 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Machin Art & Associates declined 24.8% in August 2021 from 109.05 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production decreased by 26.46% from the same period in 2020.
The company’s oil production grew 19.57% to 10.02 bd in August 2021 from the previous month, while gas production declined by 2.38% to 0.41 mmcf/d. On a YTD basis, oil production increased by 263.11% in 2021 when compared with the same period in 2020, while gas production declined by 30.2%. Out of the total oil and gas production in August 2021, oil production held a 12.22% share, while gas production held an 86.2% share.
Looking at the states where Machin Art & Associates recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 82.01 boe/d in the state in August 2021, a decrease of 2.29% from the previous month.
On a YTD basis, the company produced 669.7 boe/d in Texas in 2021, recording a decrease of 26.46% from the same period in 2020.
Machin Art & Associates witnessed the highest oil and gas production in Gregg county in August 2021. Out of all the counties, Gregg county held a share of 85.42% for the firm. The company produced 70.05 boe/d in Gregg county in August 2021, a decrease of 2.67% in production when compared with the previous month.
On a YTD basis, the county produced 599.17 boe/d for the company in 2021, a 10.04% decrease from the same period in 2020.
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.