Platinum Exploration recorded a decrease of 3.92% in total oil and gas production to 71.66 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Platinum Exploration declined 6.01% in August 2021 from 76.24 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production decreased by 26.86% from the same period in 2020.
The company’s oil production declined 25.9% to 8.87 bd in August 2021 from the previous month, while gas production stood at 0.36 mmcf/d. On a YTD basis, oil production decreased by 54.24% in 2021 when compared with the same period in 2020, while gas production declined by 17.57%. Out of the total oil and gas production in August 2021, oil production held a 12.38% share, while gas production held an 86.62% share.
Looking at the states where Platinum Exploration recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 71.66 boe/d in the state in August 2021, a decrease of 3.92% from the previous month.
On a YTD basis, the company produced 526.18 boe/d in Texas in 2021, recording a decrease of 26.86% from the same period in 2020.
Platinum Exploration witnessed the highest oil and gas production in Ward county in August 2021. Out of all the counties, Ward county held a share of 94.32% for the firm. The company produced 67.59 boe/d in Ward county in August 2021, a decrease of 4.09% in production when compared with the previous month.
On a YTD basis, the county produced 472.65 boe/d for the company in 2021, an 18.96% 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.