Vargas Energy recorded an increase of 5.62% in total oil and gas production to 160.79 boe/d in September 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Vargas Energy declined 11.67% in September 2021 from 182.03 boe/d in September 2020.
On a YTD basis, the company’s total oil and gas production decreased by 19.29% from the same period in 2020.
The company’s gas production up by 5.68% to 0.93 mmcf/d in September 2021 from the previous month. On a YTD basis, gas production declined by 19.27% in 2021 when compared with the same period in 2020. Out of the total oil and gas production in September 2021, gas production held a 99.72% share.
Looking at the states where Vargas Energy recorded the highest oil and gas production in September 2021, Texas figured at the top, accounting for a 100% share. The company produced 160.79 boe/d in the state in September 2021, an increase of 5.62% from the previous month.
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On a YTD basis, the company produced 1,408.92 boe/d in Texas in 2021, recording a decrease of 19.29% from the same period in 2020.
Vargas Energy witnessed the highest oil and gas production in Tarrant county in September 2021. Out of all the counties, Tarrant county held a share of 100% for the firm. The company produced 160.79 boe/d in Tarrant county in September 2021, an increase of 5.62% in production when compared with the previous month.
On a YTD basis, the county produced 1,408.92 boe/d for the company in 2021, a 19.29% decrease from the same period in 2020.
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.