Covenant Operating recorded an increase of 5.3% in total oil and gas production to 79.72 boe/d in September 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Covenant Operating grew 24.31% in September 2021 from 64.13 boe/d in September 2020.
On a YTD basis, the company’s total oil and gas production decreased by 12.14% from the same period in 2020.
The company’s oil production grew 5.3% to 79.72 bd in September 2021 from the previous month. On a YTD basis, oil production decreased by 12.14% in 2021 when compared with the same period in 2020. Out of the total oil and gas production in September 2021, oil production held a 100% share.
Looking at the states where Covenant Operating recorded the highest oil and gas production in September 2021, Texas figured at the top, accounting for a 100% share. The company produced 79.72 boe/d in the state in September 2021, an increase of 5.3% from the previous month.
On a YTD basis, the company produced 667.51 boe/d in Texas in 2021, recording a decrease of 12.14% from the same period in 2020.
Covenant Operating witnessed the highest oil and gas production in CLAY county in September 2021. Out of all the counties, CLAY county held a share of 30.36% for the firm. The company produced 24.2 boe/d in CLAY county in September 2021, an increase of 1.77% in production when compared with the previous month.
On a YTD basis, the county produced 190.78 boe/d for the company in 2021, a 19.57% 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.
