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December 9, 2021

Sellers Lease Services records 3% decrease in production in August 2021

By Carmen

Sellers Lease Services recorded a decrease of 3% in total oil and gas production to 91.27 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Sellers Lease Services grew 4.7% in August 2021 from 87.17 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production increased by 28.35% from the same period in 2020.

The company’s oil production declined 4.18% to 83.34 bd in August 2021 from the previous month, while gas production stood at 0.03 mmcf/d. On a YTD basis, oil production increased by 40.11% in 2021 when compared with the same period in 2020, while gas production declined by 38.1%. Out of the total oil and gas production in August 2021, oil production held a 91.31% share, while gas production held a 5.66% share.


Looking at the states where Sellers Lease Services recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 91.27 boe/d in the state in August 2021, a decrease of 3% from the previous month.

On a YTD basis, the company produced 708.88 boe/d in Texas in 2021, recording an increase of 28.35% from the same period in 2020.



Sellers Lease Services witnessed the highest oil and gas production in Milam county in August 2021. Out of all the counties, Milam county held a share of 56.97% for the firm. The company produced 52 boe/d in Milam county in August 2021, a decrease of 2.69% in production when compared with the previous month.

On a YTD basis, the county produced 398.38 boe/d for the company in 2021, a 13.48% 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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