3 M Energy recorded an increase of 14.12% in total oil and gas production to 137.59 boe/d in September 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of 3 M Energy declined 10.48% in September 2021 from 153.7 boe/d in September 2020.
On a YTD basis, the company’s total oil and gas production increased by 0.05% from the same period in 2020.
The company’s oil production grew 16.12% to 82.56 bd in September 2021 from the previous month, while gas production up by 10.34% to 0.32 mmcf/d. On a YTD basis, oil production increased by 7.66% in 2021 when compared with the same period in 2020, while gas production declined by 8.41%. Out of the total oil and gas production in September 2021, oil production held a 60% share, while gas production held a 40.1% share.
Looking at the states where 3 M Energy recorded the highest oil and gas production in September 2021, Texas figured at the top, accounting for a 100% share. The company produced 137.59 boe/d in the state in September 2021, an increase of 14.12% from the previous month.
On a YTD basis, the company produced 1,113.61 boe/d in Texas in 2021, recording an increase of 0.05% from the same period in 2020.
3 M Energy witnessed the highest oil and gas production in Reagan county in September 2021. Out of all the counties, Reagan county held a share of 84.83% for the firm. The company produced 116.72 boe/d in Reagan county in September 2021, an increase of 16.5% in production when compared with the previous month.
On a YTD basis, the county produced 943.55 boe/d for the company in 2021, a 22.77% 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.