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November 24, 2021

Mitchell Energy & Development records 1.19% increase in production in July 2021

By Carmen

Mitchell Energy & Development recorded an increase of 1.19% in total oil and gas production to 4,356.1 boe/d in July 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Mitchell Energy & Development declined 5.23% in July 2021 from 4,596.72 boe/d in July 2020.

On a YTD basis, the company’s total oil and gas production decreased by 7.44% from the same period in 2020.

The company’s oil production grew 252.33% to 35.55 bd in July 2021 from the previous month, while gas production up by 0.64% to 25.03 mmcf/d. On a YTD basis, oil production decreased by 32.29% in 2021 when compared with the same period in 2020, while gas production declined by 7.31%. Out of the total oil and gas production in July 2021, oil production held a 0.82% share, while gas production held a 99.07% share.

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Looking at the states where Mitchell Energy & Development recorded the highest oil and gas production in July 2021, Texas figured at the top, accounting for a 100% share. The company produced 4,356.1 boe/d in the state in July 2021, an increase of 1.19% from the previous month.

On a YTD basis, the company produced 30,670.33 boe/d in Texas in 2021, recording a decrease of 7.44% from the same period in 2020.



Mitchell Energy & Development witnessed the highest oil and gas production in Denton county in July 2021. Out of all the counties, Denton county held a share of 60.03% for the firm. The company produced 2,615.04 boe/d in Denton county in July 2021, an increase of 0.07% in production when compared with the previous month.

On a YTD basis, the county produced 18,656.01 boe/d for the company in 2021, a 7.01% 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.

More in-depth reports and analysis on all reported information are available to subscribers through GlobalData’s Oil and Gas database.

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