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March 23, 2022

Hill R M Operating records 3.23% decrease in production in November 2021

By Carmen

Hill R M Operating recorded a decrease of 3.23% in total oil and gas production to 99.32 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Hill R M Operating declined 23.97% in November 2021 from 130.63 boe/d in November 2020.

On a YTD basis, the company’s total oil and gas production decreased by 6.85% from the same period in 2020.

The company’s oil production declined 4.57% to 60.51 bd in November 2021 from the previous month, while gas production stood at 0.23 mmcf/d. On a YTD basis, oil production in 2021 stood at 729.40 bd, while gas production declined by 16.23%. Out of the total oil and gas production in November 2021, oil production held a 60.92% share, while gas production held a 39.92% share.


Looking at the states where Hill R M Operating recorded the highest oil and gas production in November 2021, Texas figured at the top, accounting for a 100% share. The company produced 99.32 boe/d in the state in November 2021, a decrease of 3.23% from the previous month.

On a YTD basis, the company produced 1,173.81 boe/d in Texas in 2021, recording a decrease of 6.85% from the same period in 2020.



Hill R M Operating witnessed the highest oil and gas production in Young county in November 2021. Out of all the counties, Young county held a share of 86.77% for the firm. The company produced 86.18 boe/d in Young county in November 2021, a decrease of 6.15% in production when compared with the previous month.

On a YTD basis, the county produced 1,010.04 boe/d for the company in 2021, a 1.66% 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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