ARD Drilling recorded an increase of 5.44% in total oil and gas production to 69.03 boe/d in October 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of ARD Drilling grew 25.01% in October 2021 from 55.22 boe/d in October 2020.
On a YTD basis, the company’s total oil and gas production increased by 12.68% from the same period in 2020.
The company’s oil production grew 5.46% to 65.69 bd in October 2021 from the previous month, while gas production stood at 0.02 mmcf/d. On a YTD basis, oil production increased by 15.25% in 2021 when compared with the same period in 2020, while gas production declined by 25%. Out of the total oil and gas production in October 2021, oil production held a 95.16% share, while gas production held a 5% share.
Looking at the states where ARD Drilling recorded the highest oil and gas production in October 2021, Texas figured at the top, accounting for a 100% share. The company produced 69.03 boe/d in the state in October 2021, an increase of 5.44% from the previous month.
On a YTD basis, the company produced 675.95 boe/d in Texas in 2021, recording an increase of 12.68% from the same period in 2020.
ARD Drilling witnessed the highest oil and gas production in Cochran county in October 2021. Out of all the counties, Cochran county held a share of 46.68% for the firm. The company produced 32.22 boe/d in Cochran county in October 2021, a decrease of 9.65% in production when compared with the previous month.
On a YTD basis, the county produced 446.63 boe/d for the company in 2021, a 25.51% 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.