Terra Resources recorded an increase of 7.42% in total oil and gas production to 198.94 boe/d in September 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Terra Resources grew 7.38% in September 2021 from 185.27 boe/d in September 2020.

On a YTD basis, the company’s total oil and gas production decreased by 17.46% from the same period in 2020.

The company’s oil production grew 4.34% to 183.95 bd in September 2021 from the previous month, while gas production up by 80% to 0.09 mmcf/d. On a YTD basis, oil production decreased by 20.51% in 2021 when compared with the same period in 2020, while gas production rose by 24.05%. Out of the total oil and gas production in September 2021, oil production held a 92.47% share, while gas production held a 7.8% share.

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By GlobalData

Looking at the states where Terra Resources recorded the highest oil and gas production in September 2021, Texas figured at the top, accounting for a 100% share. The company produced 198.94 boe/d in the state in September 2021, an increase of 7.42% from the previous month.

On a YTD basis, the company produced 1,554.61 boe/d in Texas in 2021, recording a decrease of 19.43% from the same period in 2020.



Terra Resources witnessed the highest oil and gas production in King county in September 2021. Out of all the counties, King county held a share of 49.07% for the firm. The company produced 97.61 boe/d in King county in September 2021, a decrease of 5.61% in production when compared with the previous month.

On a YTD basis, the county produced 789.86 boe/d for the company in 2021, a 27.89% 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.