Lgdc recorded a decrease of 34.31% in total oil and gas production to 12.5 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Lgdc declined 9.88% in November 2021 from 13.87 boe/d in November 2020.
On a YTD basis, the company’s total oil and gas production increased by 22.71% from the same period in 2020.
The company’s oil production grew 3.13% to 0.33 bd in November 2021 from the previous month, while gas production declined by 12.5% to 0.07 mmcf/d. On a YTD basis, oil production increased by 10% in 2021 when compared with the same period in 2020, while gas production rose by 10.96%. Out of the total oil and gas production in November 2021, oil production held a 2.64% share, while gas production held a 96.56% share.
Looking at the states where Lgdc recorded the highest oil and gas production in November 2021, Texas figured at the top, accounting for a 100% share. The company produced 12.5 boe/d in the state in November 2021, a decrease of 34.31% from the previous month.
On a YTD basis, the company produced 158.35 boe/d in Texas in 2021, recording an increase of 22.71% from the same period in 2020.
Lgdc witnessed the highest oil and gas production in Lavaca county in November 2021. Out of all the counties, Lavaca county held a share of 97.36% for the firm. The company produced 12.17 boe/d in Lavaca county in November 2021, a decrease of 34.92% in production when compared with the previous month.
On a YTD basis, the county produced 154.72 boe/d for the company in 2021, a 23.06% increase 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.