Union Texas Petroleum recorded a decrease of 2.69% in total oil and gas production to 358.28 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Union Texas Petroleum grew 41.64% in August 2021 from 252.96 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production increased by 22.77% from the same period in 2020.
The company’s oil production declined 2.81% to 298.31 bd in August 2021 from the previous month, while gas production stood at 0.35 mmcf/d. On a YTD basis, oil production increased by 60.12% in 2021 when compared with the same period in 2020, while gas production declined by 32.79%. Out of the total oil and gas production in August 2021, oil production held an 83.26% share, while gas production held a 16.84% share.
Looking at the states where Union Texas Petroleum recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 358.28 boe/d in the state in August 2021, a decrease of 2.69% from the previous month.
On a YTD basis, the company produced 2,757.83 boe/d in Texas in 2021, recording an increase of 22.77% from the same period in 2020.
Union Texas Petroleum witnessed the highest oil and gas production in Mitchell county in August 2021. Out of all the counties, Mitchell county held a share of 32.86% for the firm. The company produced 117.74 boe/d in Mitchell county in August 2021, an increase of 0.28% in production when compared with the previous month.
On a YTD basis, the county produced 860.39 boe/d for the company in 2021, a 145.94% 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.