Petroleum Corp Of Texas recorded an increase of 0.64% in total oil and gas production to 253.01 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Petroleum Corp Of Texas grew 34.12% in August 2021 from 188.64 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production increased by 15.28% from the same period in 2020.
The company’s oil production grew 1.83% to 231.81 bd in August 2021 from the previous month, while gas production declined by 7.69% to 0.12 mmcf/d. On a YTD basis, oil production increased by 16.28% in 2021 when compared with the same period in 2020, while gas production rose by 8.89%. Out of the total oil and gas production in August 2021, oil production held a 91.62% share, while gas production held an 8.18% share.
Looking at the states where Petroleum Corp Of Texas recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 249.89 boe/d in the state in August 2021, an increase of 0.68% from the previous month.
On a YTD basis, the company produced 1,695.68 boe/d in Texas in 2021, recording an increase of 12.55% from the same period in 2020.
Petroleum Corp Of Texas witnessed the highest oil and gas production in Stephens county in August 2021. Out of all the counties, Stephens county held a share of 60.61% for the firm. The company produced 153.36 boe/d in Stephens county in August 2021, a decrease of 2.95% in production when compared with the previous month.
On a YTD basis, the county produced 1,109.81 boe/d for the company in 2021, a 12.28% increase 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.