Texon Oil recorded an increase of 26.66% in total oil and gas production to 307.21 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Texon Oil grew 9.58% in August 2021 from 280.34 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production increased by 11.09% from the same period in 2020.

The company’s oil production grew 24.27% to 210.66 bd in August 2021 from the previous month, while gas production up by 33.33% to 0.56 mmcf/d. On a YTD basis, oil production increased by 17.65% in 2021 when compared with the same period in 2020, while gas production declined by 2.38%. Out of the total oil and gas production in August 2021, oil production held a 68.57% share, while gas production held a 31.43% share.


Looking at the states where Texon Oil recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 303.04 boe/d in the state in August 2021, an increase of 28.11% from the previous month.

On a YTD basis, the company produced 2,175.04 boe/d in Texas in 2021, recording an increase of 9.04% from the same period in 2020.

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By GlobalData


Texon Oil witnessed the highest oil and gas production in Ward county in August 2021. Out of all the counties, Ward county held a share of 74.57% for the firm. The company produced 229.08 boe/d in Ward county in August 2021, an increase of 41.83% in production when compared with the previous month.

On a YTD basis, the county produced 1,590.72 boe/d for the company in 2021, a 6.79% increase 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.