Smith Operating & Management records 6.7% decrease in production in August 2021

Smith Operating & Management recorded a decrease of 6.7% in total oil and gas production to 143.73 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Smith Operating & Management grew 10.65% in August 2021 from 129.9 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production decreased by 0.36% from the same period in 2020.

The company’s oil production declined 13.11% to 53.61 bd in August 2021 from the previous month, while gas production declined by 3.7% to 0.52 mmcf/d. On a YTD basis, oil production increased by 97.05% in 2021 when compared with the same period in 2020, while gas production declined by 18.39%. Out of the total oil and gas production in August 2021, oil production held a 37.3% share, while gas production held a 62.37% share.

Looking at the states where Smith Operating & Management recorded the highest oil and gas production in August 2021, Louisiana figured at the top, accounting for a 100% share. The company produced 138.37 boe/d in the state in August 2021, a decrease of 6.6% from the previous month.

On a YTD basis, the company produced 1,050.63 boe/d in Louisiana in 2021, recording a decrease of 3.61% from the same period in 2020.

Smith Operating & Management witnessed the highest oil and gas production in Webster county in August 2021. Out of all the counties, Webster county held a share of 54.29% for the firm. The company produced 78.03 boe/d in Webster county in August 2021, a decrease of 14.63% in production when compared with the previous month.

On a YTD basis, the county produced 654.85 boe/d for the company in 2021, a 5.13% 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.