HNG Oil recorded an increase of 4.88% in total oil and gas production to 77 boe/d in October 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of HNG Oil declined 8.61% in October 2021 from 84.25 boe/d in October 2020.
On a YTD basis, the company’s total oil and gas production decreased by 0.02% from the same period in 2020.
The company’s oil production grew 7.26% to 15.95 bd in October 2021 from the previous month, while gas production up by 3.03% to 0.34 mmcf/d. On a YTD basis, oil production decreased by 11.13% in 2021 when compared with the same period in 2020, while gas production rose by 3.3%. Out of the total oil and gas production in October 2021, oil production held a 20.71% share, while gas production held a 76.13% share.
Looking at the states where HNG Oil recorded the highest oil and gas production in October 2021, Texas figured at the top, accounting for a 100% share. The company produced 77 boe/d in the state in October 2021, an increase of 4.88% from the previous month.
On a YTD basis, the company produced 785.97 boe/d in Texas in 2021, recording a decrease of 0.02% from the same period in 2020.
HNG Oil witnessed the highest oil and gas production in Zapata county in October 2021. Out of all the counties, Zapata county held a share of 42.56% for the firm. The company produced 32.77 boe/d in Zapata county in October 2021, an increase of 7.94% in production when compared with the previous month.
On a YTD basis, the county produced 312.74 boe/d for the company in 2021, a 2.52% 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.