Verdad Resources recorded a decrease of 5.31% in total oil and gas production to 17,664 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Verdad Resources grew 34.62% in August 2021 from 13,121.77 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production increased by 31.03% from the same period in 2020.
The company’s oil production declined 5.59% to 11,658.77 bd in August 2021 from the previous month, while gas production declined by 4.76% to 34.83 mmcf/d. On a YTD basis, oil production increased by 23.7% in 2021 when compared with the same period in 2020, while gas production rose by 50.39%. Out of the total oil and gas production in August 2021, oil production held a 66% share, while gas production held a 34% share.
Looking at the states where Verdad Resources recorded the highest oil and gas production in August 2021, Colorado figured at the top, accounting for a 100% share. The company produced 17,664 boe/d in the state in August 2021, a decrease of 5.31% from the previous month.
On a YTD basis, the company produced 127,983.11 boe/d in Colorado in 2021, recording an increase of 31.03% from the same period in 2020.
Verdad Resources witnessed the highest oil and gas production in Weld county in August 2021. Out of all the counties, Weld county held a share of 99.77% for the firm. The company produced 17,624.16 boe/d in Weld county in August 2021, a decrease of 5.33% in production when compared with the previous month.
On a YTD basis, the county produced 127,663.05 boe/d for the company in 2021, a 31.16% 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.