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Barnett Shale witnessed an increase of 1.93% in total oil and gas production to 577,774.76 boe/d in October 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production in Barnett grew 0.52% in October 2021 from 574,766.45 boe/d in October 2020. On a YTD basis, the total oil and gas production in the play decreased by 7.91% from the same period in 2020.
In Barnett, oil production declined 2.14% in October 2021 as compared with the previous month, while gas production increased by 2.27% to 3,047.18 mmcf/d.
On a YTD basis, oil production in the play increased by 7.89% in 2021 when compared with the same period in 2020, while gas production declined by 9.02%. Out of the total oil and gas production in October 2021, oil held an 8.46% share, while gas had a 90.93% share.
In Barnett, Devon Energy emerged as the largest oil and gas producer, recording a total oil and gas production at 110,557.53 boe/d in October 2021, an increase of 0.22% from the previous month. The company held a 0.08% share in oil production and 20.95% share in gas production in October 2021.
On a YTD basis, the company registered a 9.75% decrease in total oil and gas production from the same period in 2020.
Compared with other counties within Barnett Shale, Tarrant county recorded the highest oil and gas production, holding a 28% share in October 2021. The county witnessed a 6.5% increase in production to 161,769.36 boe/d in October 2021 when compared with the previous month.
On a YTD basis, it registered a decline of 10.23% in total production 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.
