Verdad Oil & Gas recorded a decrease of 0.78% in total oil and gas production to 52.47 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Verdad Oil & Gas declined 2.78% in August 2021 from 53.97 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production decreased by 7.19% from the same period in 2020.
The company’s oil production grew 19.74% to 9.1 bd in August 2021 from the previous month, while gas production declined by 3.85% to 0.25 mmcf/d. On a YTD basis, oil production increased by 14.44% in 2021 when compared with the same period in 2020, while gas production declined by 10.75%. Out of the total oil and gas production in August 2021, oil production held a 17.34% share, while gas production held an 82.14% share.
Looking at the states where Verdad Oil & Gas recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 52.47 boe/d in the state in August 2021, a decrease of 0.78% from the previous month.
On a YTD basis, the company produced 401.84 boe/d in Texas in 2021, recording a decrease of 7.19% from the same period in 2020.
Verdad Oil & Gas witnessed the highest oil and gas production in Irion county in August 2021. Out of all the counties, Irion county held a share of 53.9% for the firm. The company produced 28.28 boe/d in Irion county in August 2021, a decrease of 3.38% in production when compared with the previous month.
On a YTD basis, the county produced 205.1 boe/d for the company in 2021, a 0.56% increase 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.