Read & Stevens recorded a decrease of 9.21% in total oil and gas production to 1,216.66 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Read & Stevens declined 21.52% in August 2021 from 1,550.31 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production decreased by 19.61% from the same period in 2020.
The company’s oil production declined 8.19% to 803.58 bd in August 2021 from the previous month, while gas production declined by 11.11% to 2.4 mmcf/d. On a YTD basis, oil production decreased by 20.37% in 2021 when compared with the same period in 2020, while gas production declined by 18.16%. Out of the total oil and gas production in August 2021, oil production held a 66.05% share, while gas production held a 34.01% share.
Looking at the states where Read & Stevens recorded the highest oil and gas production in August 2021, New Mexico figured at the top, accounting for a 2.43% share. The company produced 1,187.79 boe/d in the state in August 2021, a decrease of 9.36% from the previous month.
On a YTD basis, the company produced 10,175.55 boe/d in New Mexico in 2021, recording a decrease of 21.18% from the same period in 2020.
Read & Stevens witnessed the highest oil and gas production in Lea county in August 2021. Out of all the counties, Lea county held a share of 72.22% for the firm. The company produced 878.72 boe/d in Lea county in August 2021, a decrease of 10.32% in production when compared with the previous month.
On a YTD basis, the county produced 7,462.49 boe/d for the company in 2021, a 20.76% 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.