REC recorded an increase of 5.76% in total oil and gas production to 124.46 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of REC grew 24.88% in August 2021 from 99.66 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production increased by 25.83% from the same period in 2020.
The company’s oil production grew 1.41% to 108.13 bd in August 2021 from the previous month, while gas production up by 50% to 0.09 mmcf/d. On a YTD basis, oil production increased by 30.86% in 2021 when compared with the same period in 2020, while gas production rose by 3.61%. Out of the total oil and gas production in August 2021, oil production held an 86.88% share, while gas production held a 12.47% share.
Looking at the states where REC recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 124.46 boe/d in the state in August 2021, an increase of 5.76% from the previous month.
On a YTD basis, the company produced 973.27 boe/d in Texas in 2021, recording an increase of 25.83% from the same period in 2020.
REC witnessed the highest oil and gas production in Atascosa county in August 2021. Out of all the counties, Atascosa county held a share of 100% for the firm. The company produced 124.46 boe/d in Atascosa county in August 2021, an increase of 5.76% in production when compared with the previous month.
On a YTD basis, the county produced 973.27 boe/d for the company in 2021, a 25.83% 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.