1776 Energy Operators recorded a decrease of 1.78% in total oil and gas production to 887.31 boe/d in October 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of 1776 Energy Operators declined 49.38% in October 2021 from 1,752.97 boe/d in October 2020.
On a YTD basis, the company’s total oil and gas production decreased by 46.46% from the same period in 2020.
The company’s oil production grew 5.33% to 691.84 bd in October 2021 from the previous month, while gas production declined by 20.98% to 1.13 mmcf/d. On a YTD basis, oil production decreased by 50.17% in 2021 when compared with the same period in 2020, while gas production declined by 30.34%. Out of the total oil and gas production in October 2021, oil production held a 77.97% share, while gas production held a 21.96% share.
Looking at the states where 1776 Energy Operators recorded the highest oil and gas production in October 2021, Texas figured at the top, accounting for a 100% share. The company produced 887.31 boe/d in the state in October 2021, a decrease of 1.78% from the previous month.
On a YTD basis, the company produced 11,107.56 boe/d in Texas in 2021, recording a decrease of 46.46% from the same period in 2020.
1776 Energy Operators witnessed the highest oil and gas production in Gonzales county in October 2021. Out of all the counties, Gonzales county held a share of 39.7% for the firm. The company produced 352.26 boe/d in Gonzales county in October 2021, a decrease of 15.85% in production when compared with the previous month.
On a YTD basis, the county produced 5,440.98 boe/d for the company in 2021, a 62.3% 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.