Magnolia Oil & Gas recorded a decrease of 6.1% in total oil and gas production to 58,111.51 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Magnolia Oil & Gas declined 2.6% in November 2021 from 59,661.17 boe/d in November 2020.

On a YTD basis, the company’s total oil and gas production increased by 11.22% from the same period in 2020.

The company’s oil production declined 5.32% to 22,878.63 bd in November 2021 from the previous month, while gas production declined by 7.39% to 171.84 mmcf/d. On a YTD basis, oil production decreased by 17.89% in 2021 when compared with the same period in 2020, while gas production rose by 28.11%. Out of the total oil and gas production in November 2021, oil production held a 39.37% share, while gas production held a 50.98% share.

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By GlobalData

Looking at the states where Magnolia Oil & Gas recorded the highest oil and gas production in November 2021, Texas figured at the top, accounting for a 100% share. The company produced 58,111.51 boe/d in the state in November 2021, a decrease of 6.1% from the previous month.

On a YTD basis, the company produced 6,90,489.02 boe/d in Texas in 2021, recording an increase of 11.22% from the same period in 2020.



Magnolia Oil & Gas witnessed the highest oil and gas production in Karnes county in November 2021. Out of all the counties, Karnes county held a share of 40.4% for the firm. The company produced 23,476.87 boe/d in Karnes county in November 2021, a decrease of 5.9% in production when compared with the previous month.

On a YTD basis, the county produced 2,69,930 boe/d for the company in 2021, a 28.65% 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.