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December 7, 2021

Parten Oil records 0.31% decrease in production in August 2021

By Carmen

Parten Oil recorded a decrease of 0.31% in total oil and gas production to 87.33 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Parten Oil grew 15.75% in August 2021 from 75.45 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production increased by 2.45% from the same period in 2020.

The company’s gas production stood at 0.45 mmcf/d. On a YTD basis, gas production rose by 0.91% in 2021 when compared with the same period in 2020. Out of the total oil and gas production in August 2021, gas production held an 88.84% share.

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Looking at the states where Parten Oil recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 87.33 boe/d in the state in August 2021, a decrease of 0.31% from the previous month.

On a YTD basis, the company produced 653.89 boe/d in Texas in 2021, recording an increase of 2.45% from the same period in 2020.



Parten Oil witnessed the highest oil and gas production in Houston county in August 2021. Out of all the counties, Houston county held a share of 48.27% for the firm. The company produced 42.15 boe/d in Houston county in August 2021, an increase of 1.62% in production when compared with the previous month.

On a YTD basis, the county produced 286.29 boe/d for the company in 2021, a 35.77% 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.

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