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December 8, 2021

Richman Petroleum records 5.3% increase in production in August 2021

By Carmen

Richman Petroleum recorded an increase of 5.3% in total oil and gas production to 65.6 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Richman Petroleum grew 40.8% in August 2021 from 46.59 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production increased by 11.89% from the same period in 2020.

The company’s gas production up by 8.57% to 0.38 mmcf/d in August 2021 from the previous month. On a YTD basis, gas production rose by 12.27% in 2021 when compared with the same period in 2020. Out of the total oil and gas production in August 2021, gas production held a 99.88% share.

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Looking at the states where Richman Petroleum recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 65.6 boe/d in the state in August 2021, an increase of 5.3% from the previous month.

On a YTD basis, the company produced 526.75 boe/d in Texas in 2021, recording an increase of 11.89% from the same period in 2020.



Richman Petroleum witnessed the highest oil and gas production in Johnson county in August 2021. Out of all the counties, Johnson county held a share of 45.3% for the firm. The company produced 29.72 boe/d in Johnson county in August 2021, an increase of 22.25% in production when compared with the previous month.

On a YTD basis, the county produced 231.98 boe/d for the company in 2021, a 14.98% increase 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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