View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
February 21, 2022

Forge Energy records 47.5% increase in production in October 2021

By Carmen

Forge Energy recorded an increase of 47.5% in total oil and gas production to 8,187.55 boe/d in October 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Forge Energy grew 31.37% in October 2021 from 6,232.67 boe/d in October 2020.

On a YTD basis, the company’s total oil and gas production decreased by 14.08% from the same period in 2020.

The company’s oil production declined 73.49% to 724.4 bd in October 2021 from the previous month, while gas production declined by 57.25% to 6.99 mmcf/d. On a YTD basis, oil production decreased by 29.03% in 2021 when compared with the same period in 2020, while gas production declined by 11.76%. Out of the total oil and gas production in October 2021, oil production held an 8.85% share, while gas production held a 14.72% share.


Looking at the states where Forge Energy recorded the highest oil and gas production in October 2021, Texas figured at the top, accounting for a 100% share. The company produced 8,187.55 boe/d in the state in October 2021, an increase of 47.5% from the previous month.

On a YTD basis, the company produced 64,647.17 boe/d in Texas in 2021, recording a decrease of 14.08% from the same period in 2020.



Forge Energy witnessed the highest oil and gas production in Reeves county in October 2021. Out of all the counties, Reeves county held a share of 87.57% for the firm. The company produced 7,169.66 boe/d in Reeves county in October 2021, an increase of 41.33% in production when compared with the previous month.

On a YTD basis, the county produced 59,489.59 boe/d for the company in 2021, an 8.28% 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.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology