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December 3, 2021

Michaelson Producing records 9.95% increase in production in August 2021

By Carmen

Michaelson Producing recorded an increase of 9.95% in total oil and gas production to 79.87 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Michaelson Producing grew 92.37% in August 2021 from 41.52 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production increased by 53.05% from the same period in 2020.

The company’s oil production grew 10% to 79.65 bd in August 2021 from the previous month. On a YTD basis, oil production increased by 57.34% in 2021 when compared with the same period in 2020. Out of the total oil and gas production in August 2021, oil production held a 99.72% share.

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Looking at the states where Michaelson Producing recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 79.87 boe/d in the state in August 2021, an increase of 9.95% from the previous month.

On a YTD basis, the company produced 482.49 boe/d in Texas in 2021, recording an increase of 53.05% from the same period in 2020.



Michaelson Producing witnessed the highest oil and gas production in Reagan county in August 2021. Out of all the counties, Reagan county held a share of 77.68% for the firm. The company produced 62.04 boe/d in Reagan county in August 2021, an increase of 10.16% in production when compared with the previous month.

On a YTD basis, the county produced 382.68 boe/d for the company in 2021, a 44.35% 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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