New Century Exploration records 0.61% increase in production in August 2021

New Century Exploration recorded an increase of 0.61% in total oil and gas production to 464.22 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of New Century Exploration declined 21.96% in August 2021 from 594.84 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production decreased by 24.08% from the same period in 2020.

The company’s oil production grew 25.14% to 59.58 bd in August 2021 from the previous month, while gas production declined by 2.16% to 2.26 mmcf/d. On a YTD basis, oil production decreased by 5.48% in 2021 when compared with the same period in 2020, while gas production declined by 25.38%. Out of the total oil and gas production in August 2021, oil production held a 12.83% share, while gas production held an 83.94% share.

Looking at the states where New Century Exploration recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 390.9 boe/d in the state in August 2021, a decrease of 1.94% from the previous month.

On a YTD basis, the company produced 3,370.93 boe/d in Texas in 2021, recording a decrease of 34.53% from the same period in 2020.

New Century Exploration witnessed the highest oil and gas production in Harrison county in August 2021. Out of all the counties, Harrison county held a share of 57.14% for the firm. The company produced 265.27 boe/d in Harrison county in August 2021, a decrease of 1.85% in production when compared with the previous month.

On a YTD basis, the county produced 2,271.02 boe/d for the company in 2021, a 43.41% 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.

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.