Somont Oil recorded a decrease of 5.83% in total oil and gas production to 323.73 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Somont Oil declined 6.27% in August 2021 from 345.4 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production increased by 7.01% from the same period in 2020.
The company’s oil production grew 11.83% to 212 bd in August 2021 from the previous month, while gas production declined by 26.97% to 0.65 mmcf/d. On a YTD basis, oil production increased by 8.76% in 2021 when compared with the same period in 2020, while gas production rose by 5.02%. Out of the total oil and gas production in August 2021, oil production held a 65.49% share, while gas production held a 34.62% share.
Looking at the states where Somont Oil recorded the highest oil and gas production in August 2021, Montana figured at the top, accounting for a 1.08% share. The company produced 320.28 boe/d in the state in August 2021, a decrease of 6.69% from the previous month.
On a YTD basis, the company produced 2,691.77 boe/d in Montana in 2021, recording an increase of 5.99% from the same period in 2020.
Somont Oil witnessed the highest oil and gas production in Toole county in August 2021. Out of all the counties, Toole county held a share of 98.93% for the firm. The company produced 320.28 boe/d in Toole county in August 2021, a decrease of 6.69% in production when compared with the previous month.
On a YTD basis, the county produced 2,691.77 boe/d for the company in 2021, a 7.57% 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.