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February 8, 2022

Burns Operating records 3.19% decrease in production in October 2021

By Carmen

Burns Operating recorded a decrease of 3.19% in total oil and gas production to 136.24 boe/d in October 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Burns Operating grew 80.04% in October 2021 from 75.67 boe/d in October 2020.

On a YTD basis, the company’s total oil and gas production increased by 57.89% from the same period in 2020.

The company’s oil production declined 3.3% to 108.67 bd in October 2021 from the previous month, while gas production stood at 0.16 mmcf/d. On a YTD basis, oil production increased by 63.87% in 2021 when compared with the same period in 2020, while gas production rose by 35.9%. Out of the total oil and gas production in October 2021, oil production held a 79.76% share, while gas production held a 20.25% share.


Looking at the states where Burns Operating recorded the highest oil and gas production in October 2021, Texas figured at the top, accounting for a 100% share. The company produced 136.24 boe/d in the state in October 2021, a decrease of 3.19% from the previous month.

On a YTD basis, the company produced 1,446.59 boe/d in Texas in 2021, recording an increase of 57.89% from the same period in 2020.



Burns Operating witnessed the highest oil and gas production in Archer county in October 2021. Out of all the counties, Archer county held a share of 90.02% for the firm. The company produced 122.64 boe/d in Archer county in October 2021, a decrease of 1.72% in production when compared with the previous month.

On a YTD basis, the county produced 1,247.16 boe/d for the company in 2021, an 84.97% increase 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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