Organic Energy recorded a decrease of 23.19% in total oil and gas production to 94.41 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Organic Energy grew 17.28% in August 2021 from 80.5 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production increased by 72.73% from the same period in 2020.
The company’s oil production declined 24.78% to 73.42 bd in August 2021 from the previous month, while gas production declined by 20% to 0.12 mmcf/d. On a YTD basis, oil production increased by 62.46% in 2021 when compared with the same period in 2020, while gas production rose by 130.91%. Out of the total oil and gas production in August 2021, oil production held a 77.77% share, while gas production held a 21.92% share.
Looking at the states where Organic Energy recorded the highest oil and gas production in August 2021, Colorado figured at the top, accounting for a 100% share. The company produced 94.41 boe/d in the state in August 2021, a decrease of 23.19% from the previous month.
On a YTD basis, the company produced 1,073.73 boe/d in Colorado in 2021, recording an increase of 72.73% from the same period in 2020.
Organic Energy witnessed the highest oil and gas production in Moffat county in August 2021. Out of all the counties, Moffat county held a share of 100% for the firm. The company produced 94.41 boe/d in Moffat county in August 2021, a decrease of 23.19% in production when compared with the previous month.
On a YTD basis, the county produced 1,073.73 boe/d for the company in 2021, a 72.73% 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.