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April 14, 2022

Mcbee Operating records 41.53% increase in production in December 2021

By Carmen

Mcbee Operating recorded an increase of 41.53% in total oil and gas production to 543.07 boe/d in December 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Mcbee Operating grew 0.18% in December 2021 from 542.09 boe/d in December 2020.

On a YTD basis, the company’s total oil and gas production decreased by 7.2% from the same period in 2020.

The company’s gas production up by 40.48% to 2.95 mmcf/d in December 2021 from the previous month. On a YTD basis, gas production declined by 7.11% in 2021 when compared with the same period in 2020. Out of the total oil and gas production in December 2021, gas production held a 93.65% share.


Looking at the states where Mcbee Operating recorded the highest oil and gas production in December 2021, Texas figured at the top, accounting for a 100% share. The company produced 543.07 boe/d in the state in December 2021, an increase of 41.53% from the previous month.

On a YTD basis, the company produced 6,159.28 boe/d in Texas in 2021, recording a decrease of 7.2% from the same period in 2020.



Mcbee Operating witnessed the highest oil and gas production in Upshur county in December 2021. Out of all the counties, Upshur county held a share of 100% for the firm. The company produced 543.07 boe/d in Upshur county in December 2021, an increase of 41.53% in production when compared with the previous month.

On a YTD basis, the county produced 6,159.28 boe/d for the company in 2021, a 7.2% 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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