Gadeco recorded a decrease of 11.92% in total oil and gas production to 359.46 boe/d in October 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Gadeco declined 28.26% in October 2021 from 501.05 boe/d in October 2020.
On a YTD basis, the company’s total oil and gas production decreased by 12.63% from the same period in 2020.
The company’s oil production declined 17.11% to 228.52 bd in October 2021 from the previous month, while gas production declined by 1.3% to 0.76 mmcf/d. On a YTD basis, oil production decreased by 20.27% in 2021 when compared with the same period in 2020, while gas production rose by 8.72%. Out of the total oil and gas production in October 2021, oil production held a 63.57% share, while gas production held a 36.45% share.
Looking at the states where Gadeco recorded the highest oil and gas production in October 2021, North Dakota figured at the top. The company produced 337.4 boe/d in the state in October 2021, a decrease of 14.85% from the previous month.
On a YTD basis, the company produced 4,234.53 boe/d in North Dakota in 2021, recording a decrease of 15.7% from the same period in 2020.
Gadeco witnessed the highest oil and gas production in Williams county in October 2021. Out of all the counties, Williams county held a share of 93.86% for the firm. The company produced 337.4 boe/d in Williams county in October 2021, a decrease of 14.85% in production when compared with the previous month.
On a YTD basis, the county produced 4,234.53 boe/d for the company in 2021, a 13.3% decrease from the same period in 2020.
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.