ITX recorded a decrease of 9.18% in total oil and gas production to 97.69 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of ITX declined 5.69% in November 2021 from 103.58 boe/d in November 2020.
On a YTD basis, the company’s total oil and gas production decreased by 10.99% from the same period in 2020.
The company’s oil production declined 0.67% to 26.8 bd in November 2021 from the previous month, while gas production declined by 13.04% to 0.4 mmcf/d. On a YTD basis, oil production increased by 2.45% in 2021 when compared with the same period in 2020, while gas production declined by 14.88%. Out of the total oil and gas production in November 2021, oil production held a 27.43% share, while gas production held a 70.59% share.
Looking at the states where ITX recorded the highest oil and gas production in November 2021, Texas figured at the top, accounting for a 100% share. The company produced 97.69 boe/d in the state in November 2021, a decrease of 9.18% from the previous month.
On a YTD basis, the company produced 1,131.83 boe/d in Texas in 2021, recording a decrease of 10.99% from the same period in 2020.
ITX witnessed the highest oil and gas production in Young county in November 2021. Out of all the counties, Young county held a share of 41.38% for the firm. The company produced 40.42 boe/d in Young county in November 2021, a decrease of 5.16% in production when compared with the previous month.
On a YTD basis, the county produced 499.01 boe/d for the company in 2021, a 21.5% 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.