Classic Operating recorded a decrease of 7.46% in total oil and gas production to 2,055.31 boe/d in October 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Classic Operating declined 11.31% in October 2021 from 2,317.29 boe/d in October 2020.
On a YTD basis, the company’s total oil and gas production decreased by 10.33% from the same period in 2020.
The company’s gas production declined by 7.59% to 11.68 mmcf/d in October 2021 from the previous month. On a YTD basis, gas production declined by 10.28% in 2021 when compared with the same period in 2020. Out of the total oil and gas production in October 2021, gas production held a 97.98% share.
Looking at the states where Classic Operating recorded the highest oil and gas production in October 2021, Texas figured at the top, accounting for a 100% share. The company produced 2,055.31 boe/d in the state in October 2021, a decrease of 7.46% from the previous month.
On a YTD basis, the company produced 21,892.32 boe/d in Texas in 2021, recording a decrease of 10.33% from the same period in 2020.
Classic Operating witnessed the highest oil and gas production in Panola county in October 2021. Out of all the counties, Panola county held a share of 72.18% for the firm. The company produced 1,483.62 boe/d in Panola county in October 2021, a decrease of 8.36% in production when compared with the previous month.
On a YTD basis, the county produced 15,821.7 boe/d for the company in 2021, a 9.76% 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.