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December 8, 2021

Purvis Operating records 1.98% decrease in production in August 2021

By Carmen

Purvis Operating recorded a decrease of 1.98% in total oil and gas production to 459.87 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Purvis Operating declined 12.21% in August 2021 from 523.85 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production decreased by 14.35% from the same period in 2020.

The company’s oil production grew 1.27% to 183.94 bd in August 2021 from the previous month, while gas production declined by 4.19% to 1.6 mmcf/d. On a YTD basis, oil production decreased by 26.23% in 2021 when compared with the same period in 2020, while gas production declined by 1.94%. Out of the total oil and gas production in August 2021, oil production held a 40% share, while gas production held a 59.99% share.


Looking at the states where Purvis Operating recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 436.28 boe/d in the state in August 2021, a decrease of 3.36% from the previous month.

On a YTD basis, the company produced 3,561.12 boe/d in Texas in 2021, recording a decrease of 18.11% from the same period in 2020.



Purvis Operating witnessed the highest oil and gas production in Mitchell county in August 2021. Out of all the counties, Mitchell county held a share of 79.2% for the firm. The company produced 364.24 boe/d in Mitchell county in August 2021, a decrease of 4.57% in production when compared with the previous month.

On a YTD basis, the county produced 3,004.09 boe/d for the company in 2021, a 14.59% decrease 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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