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December 10, 2021

Trio Operating records 2.92% decrease in production in August 2021

By Carmen

Trio Operating recorded a decrease of 2.92% in total oil and gas production to 51.25 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Trio Operating declined 18.3% in August 2021 from 62.73 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production increased by 0.32% from the same period in 2020.

The company’s oil production declined 4.95% to 44 bd in August 2021 from the previous month, while gas production stood at 0.04 mmcf/d. On a YTD basis, oil production decreased by 4.92% in 2021 when compared with the same period in 2020, while gas production rose by 200%. Out of the total oil and gas production in August 2021, oil production held an 85.85% share, while gas production held a 13.46% share.

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Looking at the states where Trio Operating recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 51.25 boe/d in the state in August 2021, a decrease of 2.92% from the previous month.

On a YTD basis, the company produced 449.7 boe/d in Texas in 2021, recording an increase of 0.32% from the same period in 2020.



Trio Operating witnessed the highest oil and gas production in Hardeman county in August 2021. Out of all the counties, Hardeman county held a share of 85.85% for the firm. The company produced 44 boe/d in Hardeman county in August 2021, a decrease of 4.95% in production when compared with the previous month.

On a YTD basis, the county produced 416.26 boe/d for the company in 2021, a 4.92% 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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