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December 9, 2021

Rubicon Oil & Gas records 6.18% decrease in production in August 2021

By Carmen

Rubicon Oil & Gas recorded a decrease of 6.18% in total oil and gas production to 466.66 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Rubicon Oil & Gas declined 15.95% in August 2021 from 555.21 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production increased by 99.16% from the same period in 2020.

The company’s oil production declined 18.82% to 65.65 bd in August 2021 from the previous month, while gas production declined by 3.72% to 2.33 mmcf/d. On a YTD basis, oil production increased by 20.74% in 2021 when compared with the same period in 2020, while gas production rose by 124.45%. Out of the total oil and gas production in August 2021, oil production held a 14.07% share, while gas production held an 86.08% share.

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Looking at the states where Rubicon Oil & Gas recorded the highest oil and gas production in August 2021, New Mexico figured at the top, accounting for a 7.13% share. The company produced 435.59 boe/d in the state in August 2021, a decrease of 5.43% from the previous month.

On a YTD basis, the company produced 3,879.29 boe/d in New Mexico in 2021, recording an increase of 86.71% from the same period in 2020.



Rubicon Oil & Gas witnessed the highest oil and gas production in Eddy county in August 2021. Out of all the counties, Eddy county held a share of 93.34% for the firm. The company produced 435.59 boe/d in Eddy county in August 2021, a decrease of 5.43% in production when compared with the previous month.

On a YTD basis, the county produced 3,879.29 boe/d for the company in 2021, a 105.87% 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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