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November 1, 2021updated 03 Nov 2021 5:38am

Texas oil and gas production activity declined by 1.55% in July 2021

By Carmen

Texas witnessed a decrease of 1.55% in total oil and gas production to 1,02,43,503.82 boe/d in July 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production grew by 6.9% in July 2021 from 95,82,178.43 boe/d in July 2020. On a YTD basis, the total oil and gas production in 2021 decreased by 0.64% from the same period in 2020.

In July 2021, oil production declined by 2.07% to 44,70,085.28 bd as against the previous month, while gas production declined by 0.7% to 29,789.42 mmcf/d.

On a YTD basis, oil production increased by 1.94% in 2021 when compared with the same period in 2020, while gas production declined by 0.6%. Out of the total oil and gas production in July 2021, oil held a 43.64% share, while gas had a 50.14% share.

 

In Texas, Pioneer Natural Resources emerged as the largest oil and gas producer, recording a total oil and gas production at 7,50,998.01 boe/d in July 2021, an increase of 0.87% from the previous month. The company held a 10.61% share in oil production and 5.22% share in gas production in July 2021.

On a YTD basis, the company registered a 0.5% decrease in total oil and gas production from the same period in 2020.

 

 

Compared with other counties in Texas, Reeves county recorded the highest oil and gas production, holding a 9.26% share in July 2021. The county witnessed a 1.94% decrease in production to 9,48,628.18 boe/d in July 2021 when compared with the previous month.

On a YTD basis, Reeves registered a decline of 11.71% in total production from the same period in 2020.

 

 

Methodology

All publicly announced permits and 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.

More in-depth reports and analysis on all reported information are available to subscribers through GlobalData’s Oil and Gas database.

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