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December 3, 2021

Magna Operating records 7.25% increase in production in August 2021

By Carmen

Magna Operating recorded an increase of 7.25% in total oil and gas production to 226.52 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Magna Operating in August 2021.

On a YTD basis, the company’s total oil and gas production from the same period in.

The company’s oil production grew 6.75% to 189.32 bd in August 2021 from the previous month, while gas production up by 10% to 0.22 mmcf/d. On a YTD basis, oil production in 2021 stood at 1467.28 bd, while gas production. Out of the total oil and gas production in August 2021, oil production held an 83.58% share, while gas production held a 16.74% share.


Looking at the states where Magna Operating recorded the highest oil and gas production in August 2021, Louisiana figured at the top, accounting for a 100% share. The company produced 226.52 boe/d in the state in August 2021, an increase of 7.25% from the previous month.

On a YTD basis, the company produced 1,705.22 boe/d in Louisiana in 2021 from the same period in.



Magna Operating witnessed the highest oil and gas production in Calcasieu county in August 2021. Out of all the counties, Calcasieu county held a share of 100% for the firm. The company produced 226.52 boe/d in Calcasieu county in August 2021, an increase of 7.25% in production when compared with the previous month.

On a YTD basis, the county produced 1,705.22 boe/d for the company in 2021.



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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