Ring Energy recorded a decrease of 3.99% in total oil and gas production to 9,460.96 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Ring Energy grew 30.6% in August 2021 from 7,244.01 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production increased by 20.69% from the same period in 2020.
The company’s oil production declined 4.86% to 8,319.01 bd in August 2021 from the previous month, while gas production up by 2.8% to 6.62 mmcf/d. On a YTD basis, oil production increased by 22.1% in 2021 when compared with the same period in 2020, while gas production rose by 11.32%. Out of the total oil and gas production in August 2021, oil production held an 87.93% share, while gas production held a 12.06% share.
Looking at the states where Ring Energy recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 8,957.31 boe/d in the state in August 2021, a decrease of 5.13% from the previous month.
On a YTD basis, the company produced 65,042.21 boe/d in Texas in 2021, recording an increase of 15.45% from the same period in 2020.
Ring Energy witnessed the highest oil and gas production in Yoakum county in August 2021. Out of all the counties, Yoakum county held a share of 43.22% for the firm. The company produced 4,089.2 boe/d in Yoakum county in August 2021, a decrease of 16.3% in production when compared with the previous month.
On a YTD basis, the county produced 31,779.08 boe/d for the company in 2021, a 34.05% 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.