UMC Petroleum recorded a decrease of 9.3% in total oil and gas production to 61.53 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of UMC Petroleum declined 69.17% in August 2021 from 199.58 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production decreased by 61.15% from the same period in 2020.
The company’s oil production grew 10.92% to 18.69 bd in August 2021 from the previous month, while gas production declined by 13.79% to 0.25 mmcf/d. On a YTD basis, oil production decreased by 53.42% in 2021 when compared with the same period in 2020, while gas production declined by 63.09%. Out of the total oil and gas production in August 2021, oil production held a 30.38% share, while gas production held a 70.05% share.
Looking at the states where UMC Petroleum recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 61.53 boe/d in the state in August 2021, a decrease of 9.3% from the previous month.
On a YTD basis, the company produced 655.79 boe/d in Texas in 2021, recording a decrease of 61.15% from the same period in 2020.
UMC Petroleum witnessed the highest oil and gas production in Midland county in August 2021. Out of all the counties, Midland county held a share of 49.02% for the firm. The company produced 30.16 boe/d in Midland county in August 2021, an increase of 28.83% in production when compared with the previous month.
On a YTD basis, the county produced 367.44 boe/d for the company in 2021, a 71.46% 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.
