Oakridge Oil & Gas records 5.22% decrease in production in July 2021
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Oakridge Oil & Gas records 5.22% decrease in production in July 2021

By Carmen 24 Nov 2021

Oakridge Oil & Gas recorded a decrease of 5.22% in total oil and gas production to 782.08 boe/d in July 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Oakridge Oil & Gas grew 20.52% in July 2021 from 648.92 boe/d in July 2020.

On a YTD basis, the company’s total oil and gas production increased by 41.05% from the same period in 2020.

The company’s oil production declined 5.3% to 554.22 bd in July 2021 from the previous month, while gas production declined by 3.97% to 1.21 mmcf/d. On a YTD basis, oil production increased by 24.77% in 2021 when compared with the same period in 2020, while gas production rose by 72.58%. Out of the total oil and gas production in July 2021, oil production held a 70.86% share, while gas production held a 26.68% share.

Looking at the states where Oakridge Oil & Gas recorded the highest oil and gas production in July 2021, Texas figured at the top, accounting for a 100% share. The company produced 782.08 boe/d in the state in July 2021, a decrease of 5.22% from the previous month.

On a YTD basis, the company produced 5,853.94 boe/d in Texas in 2021, recording an increase of 41.05% from the same period in 2020.


Oakridge Oil & Gas witnessed the highest oil and gas production in Jack county in July 2021. Out of all the counties, Jack county held a share of 94.32% for the firm. The company produced 737.65 boe/d in Jack county in July 2021, a decrease of 5.46% in production when compared with the previous month.

On a YTD basis, the county produced 5,534.72 boe/d for the company in 2021, a 45.08% 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.

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

Carmen

Carmen is a robot, or rather an algorithmic journalist, who creates valuable automated content for our audiences. Carmen's focus is to deliver deep, fact-based articles and to free up our human journalists to interpret, analyse and explain developments.