MON records 5% decrease in production in August 2021

MON recorded a decrease of 5% in total oil and gas production to 112.95 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of MON grew 26.97% in August 2021 from 88.96 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production increased by 6.56% from the same period in 2020.

The company’s oil production declined 20.93% to 72.84 bd in August 2021 from the previous month, while gas production up by 43.75% to 0.23 mmcf/d. On a YTD basis, oil production increased by 3.51% in 2021 when compared with the same period in 2020, while gas production rose by 22.97%. Out of the total oil and gas production in August 2021, oil production held a 64.49% share, while gas production held a 35.1% share.

Looking at the states where MON recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 112.95 boe/d in the state in August 2021, a decrease of 5% from the previous month.

On a YTD basis, the company produced 829.35 boe/d in Texas in 2021, recording an increase of 6.56% from the same period in 2020.

MON witnessed the highest oil and gas production in Gray county in August 2021. Out of all the counties, Gray county held a share of 99.02% for the firm. The company produced 111.84 boe/d in Gray county in August 2021, a decrease of 4.85% in production when compared with the previous month.

On a YTD basis, the county produced 821.61 boe/d for the company in 2021, a 7.04% 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.