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December 22, 2021

Fivestones Energy records 9.64% increase in production in September 2021

By Carmen

Fivestones Energy recorded an increase of 9.64% in total oil and gas production to 608.02 boe/d in September 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Fivestones Energy grew 74.85% in September 2021 from 347.73 boe/d in September 2020.

On a YTD basis, the company’s total oil and gas production increased by 5.49% from the same period in 2020.

The company’s oil production grew 5.57% to 364.76 bd in September 2021 from the previous month, while gas production up by 16.53% to 1.41 mmcf/d. On a YTD basis, oil production increased by 6.69% in 2021 when compared with the same period in 2020, while gas production rose by 3.65%. Out of the total oil and gas production in September 2021, oil production held a 59.99% share, while gas production held a 39.98% share.


Looking at the states where Fivestones Energy recorded the highest oil and gas production in September 2021, Texas figured at the top, accounting for a 100% share. The company produced 608.02 boe/d in the state in September 2021, an increase of 9.64% from the previous month.

On a YTD basis, the company produced 3,971.57 boe/d in Texas in 2021, recording an increase of 5.49% from the same period in 2020.



Fivestones Energy witnessed the highest oil and gas production in Andrews county in September 2021. Out of all the counties, Andrews county held a share of 54.19% for the firm. The company produced 329.46 boe/d in Andrews county in September 2021, a decrease of 13.68% in production when compared with the previous month.

On a YTD basis, the county produced 2,587.64 boe/d for the company in 2021, a 9.77% 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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