Spence Ralph recorded an increase of 3.8% in total oil and gas production to 64.4 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Spence Ralph grew 6.38% in August 2021 from 60.54 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production decreased by 0.38% from the same period in 2020.
The company’s oil production grew 12.48% to 13.34 bd in August 2021 from the previous month, while gas production stood at 0.29 mmcf/d. On a YTD basis, oil production increased by 72.74% in 2021 when compared with the same period in 2020, while gas production declined by 10.16%. Out of the total oil and gas production in August 2021, oil production held a 20.71% share, while gas production held a 77.64% share.
Looking at the states where Spence Ralph recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 64.4 boe/d in the state in August 2021, an increase of 3.8% from the previous month.
On a YTD basis, the company produced 502.06 boe/d in Texas in 2021, recording a decrease of 0.38% from the same period in 2020.
Spence Ralph witnessed the highest oil and gas production in Limestone county in August 2021. Out of all the counties, Limestone county held a share of 79.3% for the firm. The company produced 51.07 boe/d in Limestone county in August 2021, an increase of 1.77% in production when compared with the previous month.
On a YTD basis, the county produced 401.16 boe/d for the company in 2021, a 9.96% decrease 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.
