Spindle Top Oil & Gas recorded a decrease of 0.8% in total oil and gas production to 182.4 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Spindle Top Oil & Gas grew 9.86% in August 2021 from 166.03 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production increased by 26.47% from the same period in 2020.
The company’s oil production grew 15.85% to 26.31 bd in August 2021 from the previous month, while gas production declined by 1.1% to 0.9 mmcf/d. On a YTD basis, oil production increased by 19.96% in 2021 when compared with the same period in 2020, while gas production rose by 27.5%. Out of the total oil and gas production in August 2021, oil production held a 14.42% share, while gas production held an 85.07% share.
Looking at the states where Spindle Top Oil & Gas recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 140.71 boe/d in the state in August 2021, a decrease of 4.87% from the previous month.
On a YTD basis, the company produced 1,158.28 boe/d in Texas in 2021, recording a decrease of 7.05% from the same period in 2020.
Spindle Top Oil & Gas witnessed the highest oil and gas production in Parker county in August 2021. Out of all the counties, Parker county held a share of 38.22% for the firm. The company produced 69.71 boe/d in Parker county in August 2021, an increase of 3.7% in production when compared with the previous month.
On a YTD basis, the county produced 535.19 boe/d for the company in 2021, a 4.59% increase from the same period in 2020.
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.