Terra Resources recorded a decrease of 1.45% in total oil and gas production to 185.2 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Terra Resources grew 0.56% in August 2021 from 184.16 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production decreased by 20.09% from the same period in 2020.
The company’s oil production grew 1.49% to 176.3 bd in August 2021 from the previous month, while gas production declined by 37.5% to 0.05 mmcf/d. On a YTD basis, oil production decreased by 23.15% in 2021 when compared with the same period in 2020, while gas production rose by 18.67%. Out of the total oil and gas production in August 2021, oil production held a 95.19% share, while gas production held a 4.65% share.
Looking at the states where Terra Resources recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 185.2 boe/d in the state in August 2021, a decrease of 1.45% from the previous month.
On a YTD basis, the company produced 1,355.67 boe/d in Texas in 2021, recording a decrease of 22.27% from the same period in 2020.
Terra Resources witnessed the highest oil and gas production in King county in August 2021. Out of all the counties, King county held a share of 55.84% for the firm. The company produced 103.41 boe/d in King county in August 2021, an increase of 4.66% in production when compared with the previous month.
On a YTD basis, the county produced 692.25 boe/d for the company in 2021, a 29.78% decrease 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.