Socorro Exploration recorded an increase of 0.19% in total oil and gas production to 202.51 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Socorro Exploration grew 36.8% in August 2021 from 148.03 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production increased by 37.97% from the same period in 2020.
The company’s oil production declined 0.23% to 199.26 bd in August 2021 from the previous month, while gas production up by 100% to 0.02 mmcf/d. On a YTD basis, oil production increased by 38.58% in 2021 when compared with the same period in 2020, while gas production. Out of the total oil and gas production in August 2021, oil production held a 98.4% share, while gas production held a 1.7% share.
Looking at the states where Socorro Exploration recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 202.51 boe/d in the state in August 2021, an increase of 0.19% from the previous month.
On a YTD basis, the company produced 1,425.38 boe/d in Texas in 2021, recording an increase of 37.97% from the same period in 2020.
Socorro Exploration witnessed the highest oil and gas production in Hockley county in August 2021. Out of all the counties, Hockley county held a share of 41.19% for the firm. The company produced 83.41 boe/d in Hockley county in August 2021, an increase of 19.26% in production when compared with the previous month.
On a YTD basis, the county produced 560.4 boe/d for the company in 2021, an 83.51% increase from the same period in 2020.