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December 10, 2021

TEP Barnett USA records 1.76% decrease in production in August 2021

By Carmen

TEP Barnett USA recorded a decrease of 1.76% in total oil and gas production to 9,709.91 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of TEP Barnett USA declined 24.26% in August 2021 from 12,820.17 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production decreased by 17.21% from the same period in 2020.

The company’s gas production declined by 1.74% to 56.32 mmcf/d in August 2021 from the previous month. On a YTD basis, gas production declined by 17.21% in 2021 when compared with the same period in 2020. Out of the total oil and gas production in August 2021, gas production held a 100% share.

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Looking at the states where TEP Barnett USA recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 9,709.91 boe/d in the state in August 2021, a decrease of 1.76% from the previous month.

On a YTD basis, the company produced 85,312.05 boe/d in Texas in 2021, recording a decrease of 17.21% from the same period in 2020.



TEP Barnett USA witnessed the highest oil and gas production in Tarrant county in August 2021. Out of all the counties, Tarrant county held a share of 94.85% for the firm. The company produced 9,209.37 boe/d in Tarrant county in August 2021, a decrease of 1.54% in production when compared with the previous month.

On a YTD basis, the county produced 80,138.33 boe/d for the company in 2021, a 21.1% 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.

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