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December 13, 2021

Van Operating records 9.96% increase in production in August 2021

By Carmen

Van Operating recorded an increase of 9.96% in total oil and gas production to 55.52 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Van Operating declined 48.02% in August 2021 from 106.81 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production decreased by 34.02% from the same period in 2020.

The company’s oil production grew 177.03% to 4.1 bd in August 2021 from the previous month, while gas production stood at 0.26 mmcf/d. On a YTD basis, oil production decreased by 39.39% in 2021 when compared with the same period in 2020, while gas production declined by 35.62%. Out of the total oil and gas production in August 2021, oil production held a 7.38% share, while gas production held an 80.75% share.


Looking at the states where Van Operating recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 55.52 boe/d in the state in August 2021, an increase of 9.96% from the previous month.

On a YTD basis, the company produced 653.3 boe/d in Texas in 2021, recording a decrease of 34.02% from the same period in 2020.



Van Operating witnessed the highest oil and gas production in Shackelford county in August 2021. Out of all the counties, Shackelford county held a share of 54.83% for the firm. The company produced 30.44 boe/d in Shackelford county in August 2021, an increase of 41.58% in production when compared with the previous month.

On a YTD basis, the county produced 390.84 boe/d for the company in 2021, a 31.46% 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.

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