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December 23, 2021

Matrix Production records 0.58% decrease in production in September 2021

By Carmen

Matrix Production recorded a decrease of 0.58% in total oil and gas production to 800.27 boe/d in September 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Matrix Production grew 7.83% in September 2021 from 742.16 boe/d in September 2020.

On a YTD basis, the company’s total oil and gas production increased by 1.32% from the same period in 2020.

The company’s oil production declined 1.08% to 695.83 bd in September 2021 from the previous month, while gas production up by 3.39% to 0.61 mmcf/d. On a YTD basis, oil production increased by 1.17% in 2021 when compared with the same period in 2020, while gas production rose by 2.13%. Out of the total oil and gas production in September 2021, oil production held an 86.95% share, while gas production held a 13.14% share.


Looking at the states where Matrix Production recorded the highest oil and gas production in September 2021, Wyoming figured at the top, accounting for a 100% share. The company produced 711.53 boe/d in the state in September 2021, an increase of 0.36% from the previous month.

On a YTD basis, the company produced 5,980.01 boe/d in Wyoming in 2021, recording a decrease of 10.99% from the same period in 2020.



Matrix Production witnessed the highest oil and gas production in Converse county in September 2021. Out of all the counties, Converse county held a share of 65.96% for the firm. The company produced 527.89 boe/d in Converse county in September 2021, an increase of 5.16% in production when compared with the previous month.

On a YTD basis, the county produced 4,081.67 boe/d for the company in 2021, a 0.63% 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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