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February 8, 2022

Energy Production records 17.03% increase in production in October 2021

By Carmen

Energy Production recorded an increase of 17.03% in total oil and gas production to 1,648.81 boe/d in October 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Energy Production grew 54.93% in October 2021 from 1,064.24 boe/d in October 2020.

On a YTD basis, the company’s total oil and gas production decreased by 0.98% from the same period in 2020.

The company’s oil production grew 27.66% to 920.38 bd in October 2021 from the previous month, while gas production up by 6.03% to 3.87 mmcf/d. On a YTD basis, oil production increased by 26.48% in 2021 when compared with the same period in 2020, while gas production declined by 14.57%. Out of the total oil and gas production in October 2021, oil production held a 55.82% share, while gas production held a 40.47% share.


Looking at the states where Energy Production recorded the highest oil and gas production in October 2021, Texas figured at the top, accounting for a 4.69% share. The company produced 1,574.91 boe/d in the state in October 2021, an increase of 18.83% from the previous month.

On a YTD basis, the company produced 12,056.88 boe/d in Texas in 2021, recording a decrease of 7.4% from the same period in 2020.



Energy Production witnessed the highest oil and gas production in Wood county in October 2021. Out of all the counties, Wood county held a share of 87.48% for the firm. The company produced 1,442.36 boe/d in Wood county in October 2021, an increase of 21.84% in production when compared with the previous month.

On a YTD basis, the county produced 10,992.09 boe/d for the company in 2021, a 4.47% 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.

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