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December 9, 2021

Socorro Exploration records 0.19% increase in production in August 2021

By Carmen

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.

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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.



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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