Wheeler Properties recorded an increase of 2.24% in total oil and gas production to 207.08 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Wheeler Properties grew 61.25% in August 2021 from 128.42 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production increased by 32.41% from the same period in 2020.
The company’s oil production grew 1% to 197.65 bd in August 2021 from the previous month, while gas production up by 25% to 0.05 mmcf/d. On a YTD basis, oil production increased by 35.69% in 2021 when compared with the same period in 2020, while gas production declined by 28.13%. Out of the total oil and gas production in August 2021, oil production held a 95.45% share, while gas production held a 4.16% share.
Looking at the states where Wheeler Properties recorded the highest oil and gas production in August 2021, Texas figured at the top, accounting for a 100% share. The company produced 207.08 boe/d in the state in August 2021, an increase of 2.24% from the previous month.
On a YTD basis, the company produced 1,464.87 boe/d in Texas in 2021, recording an increase of 32.41% from the same period in 2020.
Wheeler Properties witnessed the highest oil and gas production in Hockley county in August 2021. Out of all the counties, Hockley county held a share of 87.81% for the firm. The company produced 181.83 boe/d in Hockley county in August 2021, a decrease of 2.85% in production when compared with the previous month.
On a YTD basis, the county produced 1,332.77 boe/d for the company in 2021, a 34.43% 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.