Pardue Oil recorded an increase of 11.91% in total oil and gas production to 73.31 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Pardue Oil grew 26.64% in August 2021 from 57.89 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production decreased by 5.43% from the same period in 2020.
The company’s oil production grew 12.72% to 54.93 bd in August 2021 from the previous month, while gas production up by 10% to 0.11 mmcf/d. On a YTD basis, oil production increased by 8.36% in 2021 when compared with the same period in 2020, while gas production declined by 26.36%. Out of the total oil and gas production in August 2021, oil production held a 74.93% share, while gas production held a 25.88% share.
Looking at the states where Pardue Oil recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 73.31 boe/d in the state in August 2021, an increase of 11.91% from the previous month.
On a YTD basis, the company produced 462.89 boe/d in Texas in 2021, recording a decrease of 5.43% from the same period in 2020.
Pardue Oil witnessed the highest oil and gas production in Stephens county in August 2021. Out of all the counties, Stephens county held a share of 33.32% for the firm. The company produced 24.43 boe/d in Stephens county in August 2021, an increase of 15.02% in production when compared with the previous month.
On a YTD basis, the county produced 169.49 boe/d for the company in 2021, a 23.52% decrease 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.