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March 23, 2022

Machin Art & Associates records 28.57% increase in production in November 2021

By Carmen

Machin Art & Associates recorded an increase of 28.57% in total oil and gas production to 0.63 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Machin Art & Associates grew 186.36% in November 2021 from 0.22 boe/d in November 2020.

On a YTD basis, the company’s total oil and gas production decreased by 46.84% from the same period in 2020.

The company’s oil production declined 100%. On a YTD basis, oil production decreased by 98.96% in 2021 when compared with the same period in 2020.


Looking at the states where Machin Art & Associates recorded the highest oil and gas production in November 2021, Texas figured at the top, accounting for a 100% share. The company produced 0.63 boe/d in the state in November 2021, an increase of 28.57% from the previous month.

On a YTD basis, the company produced 5.05 boe/d in Texas in 2021, recording a decrease of 46.84% from the same period in 2020.



Machin Art & Associates witnessed the highest oil and gas production in Harrison county in November 2021. Out of all the counties, Harrison county held a share of 100% for the firm. The company produced 0.63 boe/d in Harrison county in November 2021, an increase of 28.57% in production when compared with the previous month.

On a YTD basis, the county produced 5.05 boe/d for the company in 2021, a 46.84% 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.

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