Sabco Operating recorded a decrease of 3.4% in total oil and gas production to 294.19 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Sabco Operating declined 32.65% in August 2021 from 436.82 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production decreased by 48.37% from the same period in 2020.
The company’s oil production declined 10.97% to 14.45 bd in August 2021 from the previous month, while gas production declined by 2.1% to 1.4 mmcf/d. On a YTD basis, oil production decreased by 1.75% in 2021 when compared with the same period in 2020, while gas production declined by 43.75%. Out of the total oil and gas production in August 2021, oil production held a 4.91% share, while gas production held an 82.05% share.
Looking at the states where Sabco Operating recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 294.19 boe/d in the state in August 2021, a decrease of 3.4% from the previous month.
On a YTD basis, the company produced 2,336.81 boe/d in Texas in 2021, recording a decrease of 48.37% from the same period in 2020.
Sabco Operating witnessed the highest oil and gas production in Nueces county in August 2021. Out of all the counties, Nueces county held a share of 74.69% for the firm. The company produced 219.73 boe/d in Nueces county in August 2021, a decrease of 4.39% in production when compared with the previous month.
On a YTD basis, the county produced 1,903.32 boe/d for the company in 2021, a 49.98% decrease from the same period in 2020.
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.