Riviera Resources records 78.47% increase in production in August 2021

Riviera Resources recorded an increase of 78.47% in total oil and gas production to 1,435.65 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Riviera Resources declined 12.54% in August 2021 from 1,641.48 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production decreased by 18.9% from the same period in 2020.

The company’s oil production grew 98.44% to 1,301.22 bd in August 2021 from the previous month, while gas production declined by 9.3% to 0.78 mmcf/d. On a YTD basis, oil production decreased by 13.51% in 2021 when compared with the same period in 2020, while gas production declined by 50.65%. Out of the total oil and gas production in August 2021, oil production held a 90.64% share, while gas production held a 9.37% share.

Looking at the states where Riviera Resources recorded the highest oil and gas production in August 2021, Oklahoma figured at the top, accounting for a 100% share. The company produced 1,301.24 boe/d in the state in August 2021, an increase of 96.18% from the previous month.

On a YTD basis, the company produced 10,783.59 boe/d in Oklahoma in 2021, recording a decrease of 25.94% from the same period in 2020.

Riviera Resources witnessed the highest oil and gas production in Osage county in August 2021. Out of all the counties, Osage county held a share of 44.56% for the firm. The company produced 639.77 boe/d in Osage county in August 2021, an increase of 1.47% in production when compared with the previous month.

On a YTD basis, the county produced 4,941.55 boe/d for the company in 2021, a 1.64% 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.