Murphy Oil recorded a decrease of 4.54% in total oil and gas production to 63,773.98 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Murphy Oil grew 40.33% in August 2021 from 45,444.2 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production increased by 16.33% from the same period in 2020.
The company’s oil production declined 5.28% to 49,412.4 bd in August 2021 from the previous month, while gas production declined by 1.88% to 83.3 mmcf/d. On a YTD basis, oil production increased by 17.39% in 2021 when compared with the same period in 2020, while gas production rose by 12.97%. Out of the total oil and gas production in August 2021, oil production held a 77.48% share, while gas production held a 22.52% share.
Looking at the states where Murphy Oil recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 63,769.31 boe/d in the state in August 2021, a decrease of 4.54% from the previous month.
On a YTD basis, the company produced 487,784.62 boe/d in Texas in 2021, recording an increase of 16.32% from the same period in 2020.
Murphy Oil witnessed the highest oil and gas production in Karnes county in August 2021. Out of all the counties, Karnes county held a share of 39.84% for the firm. The company produced 25,406.71 boe/d in Karnes county in August 2021, a decrease of 5.69% in production when compared with the previous month.
On a YTD basis, the county produced 208,264.87 boe/d for the company in 2021, a 43.41% increase from the same period in 2020.
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.