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November 29, 2021

Ballantyne Oil records 4.01% decrease in production in August 2021

By Carmen

Ballantyne Oil recorded a decrease of 4.01% in total oil and gas production to 784.16 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Ballantyne Oil grew 3.36% in August 2021 from 758.69 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production decreased by 3.28% from the same period in 2020.

The company’s oil production declined 3.97% to 758.49 bd in August 2021 from the previous month, while gas production declined by 6.25% to 0.15 mmcf/d. On a YTD basis, oil production decreased by 2.61% in 2021 when compared with the same period in 2020, while gas production declined by 19.59%. Out of the total oil and gas production in August 2021, oil production held a 96.73% share, while gas production held a 3.3% share.


Looking at the states where Ballantyne Oil recorded the highest oil and gas production in August 2021, North Dakota figured at the top, accounting for a 100% share. The company produced 784.16 boe/d in the state in August 2021, a decrease of 4.01% from the previous month.

On a YTD basis, the company produced 6,225.47 boe/d in North Dakota in 2021, recording a decrease of 3.28% from the same period in 2020.



Ballantyne Oil witnessed the highest oil and gas production in Bottineau county in August 2021. Out of all the counties, Bottineau county held a share of 87.85% for the firm. The company produced 688.86 boe/d in Bottineau county in August 2021, a decrease of 3.58% in production when compared with the previous month.

On a YTD basis, the county produced 5,486.17 boe/d for the company in 2021, a 4.34% decrease 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.

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