Michael Petroleum recorded an increase of 6.79% in total oil and gas production to 226.21 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Michael Petroleum declined 19.36% in August 2021 from 280.53 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production decreased by 41.74% from the same period in 2020.
The company’s oil production declined 0.64% to 1.55 bd in August 2021 from the previous month, while gas production up by 9.4% to 1.28 mmcf/d. On a YTD basis, oil production decreased by 92.06% in 2021 when compared with the same period in 2020, while gas production declined by 39.74%. Out of the total oil and gas production in August 2021, oil production held a 0.69% share, while gas production held a 97.56% share.
Looking at the states where Michael Petroleum recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 226.21 boe/d in the state in August 2021, an increase of 6.79% from the previous month.
On a YTD basis, the company produced 1,646.43 boe/d in Texas in 2021, recording a decrease of 41.74% from the same period in 2020.
Michael Petroleum witnessed the highest oil and gas production in Webb county in August 2021. Out of all the counties, Webb county held a share of 90.46% for the firm. The company produced 204.64 boe/d in Webb county in August 2021, an increase of 3.7% in production when compared with the previous month.
On a YTD basis, the county produced 1,504.42 boe/d for the company in 2021, a 38% decrease from the same period in 2020.