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March 17, 2022

DE3 Operating records 17.48% increase in production in November 2021

By Carmen

DE3 Operating recorded an increase of 17.48% in total oil and gas production to 7.19 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of DE3 Operating grew 14.67% in November 2021 from 6.27 boe/d in November 2020.

On a YTD basis, the company’s total oil and gas production increased by 20.07% from the same period in 2020.

The company’s oil production grew 21.55% to 4.23 bd in November 2021 from the previous month, while gas production stood at 0.02 mmcf/d. On a YTD basis, oil production increased by 24.79% in 2021 when compared with the same period in 2020, while gas production rose by 11.76%. Out of the total oil and gas production in November 2021, oil production held a 58.83% share, while gas production held a 47.98% share.


Looking at the states where DE3 Operating recorded the highest oil and gas production in November 2021, Texas figured at the top, accounting for a 100% share. The company produced 7.19 boe/d in the state in November 2021, an increase of 17.48% from the previous month.

On a YTD basis, the company produced 85.48 boe/d in Texas in 2021, recording an increase of 20.07% from the same period in 2020.



DE3 Operating witnessed the highest oil and gas production in Glasscock county in November 2021. Out of all the counties, Glasscock county held a share of 100% for the firm. The company produced 7.19 boe/d in Glasscock county in November 2021, an increase of 17.48% in production when compared with the previous month.

On a YTD basis, the county produced 85.48 boe/d for the company in 2021, a 20.07% 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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