Richland Resources recorded a decrease of 2.25% in total oil and gas production to 98.53 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Richland Resources grew 70.64% in August 2021 from 57.74 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production increased by 117.46% from the same period in 2020.

The company’s oil production declined 14.47% to 26.18 bd in August 2021 from the previous month, while gas production up by 2.44% to 0.42 mmcf/d. On a YTD basis, oil production increased by 272.48% in 2021 when compared with the same period in 2020, while gas production rose by 84.53%. Out of the total oil and gas production in August 2021, oil production held a 26.57% share, while gas production held a 73.49% share.

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By GlobalData

Looking at the states where Richland Resources recorded the highest oil and gas production in August 2021, Oklahoma figured at the top, accounting for a 65.96% share. The company produced 59.37 boe/d in the state in August 2021, a decrease of 7.94% from the previous month.

On a YTD basis, the company produced 494.44 boe/d in Oklahoma in 2021, recording an increase of 31.15% from the same period in 2020.



Richland Resources witnessed the highest oil and gas production in Gaines county in August 2021. Out of all the counties, Gaines county held a share of 31.98% for the firm. The company produced 31.51 boe/d in Gaines county in August 2021, an increase of 5.42% in production when compared with the previous month.

On a YTD basis, the county produced 256.92 boe/d for the company in 2021, a 17.47% 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.