HNG Oil recorded an increase of 12.4% in total oil and gas production to 84.75 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of HNG Oil declined 2.22% in November 2021 from 86.67 boe/d in November 2020.
On a YTD basis, the company’s total oil and gas production decreased by 0.65% from the same period in 2020.
The company’s oil production grew 32.48% to 21.13 bd in November 2021 from the previous month, while gas production up by 8.82% to 0.37 mmcf/d. On a YTD basis, oil production decreased by 10.54% in 2021 when compared with the same period in 2020, while gas production rose by 2.7%. Out of the total oil and gas production in November 2021, oil production held a 24.93% share, while gas production held a 75.27% share.
Looking at the states where HNG Oil recorded the highest oil and gas production in November 2021, Texas figured at the top, accounting for a 100% share. The company produced 84.75 boe/d in the state in November 2021, an increase of 12.4% from the previous month.
On a YTD basis, the company produced 867.11 boe/d in Texas in 2021, recording a decrease of 0.65% from the same period in 2020.
HNG Oil witnessed the highest oil and gas production in Zapata county in November 2021. Out of all the counties, Zapata county held a share of 41.18% for the firm. The company produced 34.9 boe/d in Zapata county in November 2021, an increase of 6.5% in production when compared with the previous month.
On a YTD basis, the county produced 347.64 boe/d for the company in 2021, a 1.7% 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.