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December 7, 2021

Patterson UTI Energy records 4.52% decrease in production in August 2021

By Carmen

Patterson UTI Energy recorded a decrease of 4.52% in total oil and gas production to 1,001.98 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Patterson UTI Energy grew 19.59% in August 2021 from 837.88 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production decreased by 0.74% from the same period in 2020.

The company’s oil production declined 4.39% to 802.99 bd in August 2021 from the previous month, while gas production declined by 5.04% to 1.13 mmcf/d. On a YTD basis, oil production increased by 4.01% in 2021 when compared with the same period in 2020, while gas production declined by 15.46%. Out of the total oil and gas production in August 2021, oil production held an 80.14% share, while gas production held a 19.44% share.

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Looking at the states where Patterson UTI Energy recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 1,001.98 boe/d in the state in August 2021, a decrease of 4.52% from the previous month.

On a YTD basis, the company produced 7,014.32 boe/d in Texas in 2021, recording a decrease of 0.74% from the same period in 2020.



Patterson UTI Energy witnessed the highest oil and gas production in Garza county in August 2021. Out of all the counties, Garza county held a share of 49.33% for the firm. The company produced 494.25 boe/d in Garza county in August 2021, a decrease of 2.3% in production when compared with the previous month.

On a YTD basis, the county produced 2,977.53 boe/d for the company in 2021, a 10.98% 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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