Reef Exploration recorded a decrease of 2.6% in total oil and gas production to 93.96 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Reef Exploration grew 4.88% in August 2021 from 89.59 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production increased by 3.87% from the same period in 2020.
The company’s oil production declined 14.85% to 24.26 bd in August 2021 from the previous month, while gas production up by 3.13% to 0.33 mmcf/d. On a YTD basis, oil production decreased by 0.45% in 2021 when compared with the same period in 2020, while gas production rose by 7.58%. Out of the total oil and gas production in August 2021, oil production held a 25.82% share, while gas production held a 60.56% share.
Looking at the states where Reef Exploration recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 93.96 boe/d in the state in August 2021, a decrease of 2.6% from the previous month.
On a YTD basis, the company produced 778.51 boe/d in Texas in 2021, recording an increase of 3.87% from the same period in 2020.
Reef Exploration witnessed the highest oil and gas production in Nueces county in August 2021. Out of all the counties, Nueces county held a share of 57.62% for the firm. The company produced 54.14 boe/d in Nueces county in August 2021, a decrease of 2.31% in production when compared with the previous month.
On a YTD basis, the county produced 477.84 boe/d for the company in 2021, a 6.73% 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.