Veritas Energy recorded an increase of 3.81% in total oil and gas production to 213.83 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Veritas Energy declined 40.65% in August 2021 from 360.28 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production decreased by 55.26% from the same period in 2020.
The company’s oil production grew 26.27% to 69.45 bd in August 2021 from the previous month, while gas production declined by 18.39% to 0.71 mmcf/d. On a YTD basis, oil production decreased by 32.2% in 2021 when compared with the same period in 2020, while gas production declined by 62.27%. Out of the total oil and gas production in August 2021, oil production held a 32.48% share, while gas production held a 57.25% share.
Looking at the states where Veritas Energy recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 213.83 boe/d in the state in August 2021, an increase of 3.81% from the previous month.
On a YTD basis, the company produced 2,167.8 boe/d in Texas in 2021, recording a decrease of 55.26% from the same period in 2020.
Veritas Energy witnessed the highest oil and gas production in Palo Pinto county in August 2021. Out of all the counties, Palo Pinto county held a share of 60.68% for the firm. The company produced 129.76 boe/d in Palo Pinto county in August 2021, an increase of 34.68% in production when compared with the previous month.
On a YTD basis, the county produced 1,001.73 boe/d for the company in 2021, a 65.25% 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.