B & N Petroleum recorded a decrease of 9.66% in total oil and gas production to 87.11 boe/d in October 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of B & N Petroleum declined 21.98% in October 2021 from 111.65 boe/d in October 2020.
On a YTD basis, the company’s total oil and gas production decreased by 22.82% from the same period in 2020.
The company’s oil production declined 1.35% to 0.73 bd in October 2021 from the previous month, while gas production declined by 9.09% to 0.5 mmcf/d. On a YTD basis, oil production decreased by 11.76% in 2021 when compared with the same period in 2020, while gas production declined by 22.9%. Out of the total oil and gas production in October 2021, oil production held a 0.84% share, while gas production held a 98.97% share.
Looking at the states where B & N Petroleum recorded the highest oil and gas production in October 2021, Texas figured at the top, accounting for a 100% share. The company produced 87.11 boe/d in the state in October 2021, a decrease of 9.66% from the previous month.
On a YTD basis, the company produced 900.36 boe/d in Texas in 2021, recording a decrease of 22.82% from the same period in 2020.
B & N Petroleum witnessed the highest oil and gas production in Rusk county in October 2021. Out of all the counties, Rusk county held a share of 73.75% for the firm. The company produced 64.24 boe/d in Rusk county in October 2021, a decrease of 12.87% in production when compared with the previous month.
On a YTD basis, the county produced 709.91 boe/d for the company in 2021, a 26.26% 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.