Kraken Development III recorded a decrease of 6.97% in total oil and gas production to 5,323.72 boe/d in October 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Kraken Development III declined 36.01% in October 2021 from 8,319.04 boe/d in October 2020.
On a YTD basis, the company’s total oil and gas production decreased by 31.18% from the same period in 2020.
The company’s oil production declined 11.4% to 3,820.91 bd in October 2021 from the previous month, while gas production up by 6.6% to 8.72 mmcf/d. On a YTD basis, oil production decreased by 36.22% in 2021 when compared with the same period in 2020, while gas production declined by 10.34%. Out of the total oil and gas production in October 2021, oil production held a 71.77% share, while gas production held a 28.24% share.
Looking at the states where Kraken Development III recorded the highest oil and gas production in October 2021, North Dakota figured at the top, accounting for a 100% share. The company produced 5,323.72 boe/d in the state in October 2021, a decrease of 6.97% from the previous month.
On a YTD basis, the company produced 71,700.34 boe/d in North Dakota in 2021, recording a decrease of 31.18% from the same period in 2020.
Kraken Development III witnessed the highest oil and gas production in Mountrail county in October 2021. Out of all the counties, Mountrail county held a share of 100% for the firm. The company produced 5,323.72 boe/d in Mountrail county in October 2021, a decrease of 6.97% in production when compared with the previous month.
On a YTD basis, the county produced 71,700.34 boe/d for the company in 2021, a 31.18% 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.