Coastal Oil & Gas recorded an increase of 2.52% in total oil and gas production to 92.12 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Coastal Oil & Gas grew 6.83% in November 2021 from 86.23 boe/d in November 2020.
On a YTD basis, the company’s total oil and gas production increased by 22.07% from the same period in 2020.
The company’s oil production grew 3.66% to 7.92 bd in November 2021 from the previous month, while gas production up by 2.27% to 0.45 mmcf/d. On a YTD basis, oil production decreased by 30.23% in 2021 when compared with the same period in 2020, while gas production rose by 23.96%. Out of the total oil and gas production in November 2021, oil production held an 8.6% share, while gas production held an 84.22% share.
Looking at the states where Coastal Oil & Gas recorded the highest oil and gas production in November 2021, Texas figured at the top, accounting for a 100% share. The company produced 91.23 boe/d in the state in November 2021, an increase of 2.99% from the previous month.
On a YTD basis, the company produced 1,105.25 boe/d in Texas in 2021, recording an increase of 15.87% from the same period in 2020.
Coastal Oil & Gas witnessed the highest oil and gas production in Hidalgo county in November 2021. Out of all the counties, Hidalgo county held a share of 51.93% for the firm. The company produced 47.84 boe/d in Hidalgo county in November 2021, an increase of 5.61% in production when compared with the previous month.
On a YTD basis, the county produced 515.6 boe/d for the company in 2021, a 31.59% increase 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.