MDS Energy Development recorded a decrease of 2.16% in total oil and gas production to 1,782.78 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of MDS Energy Development declined 13.74% in August 2021 from 2,066.86 boe/d in August 2020.

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On a YTD basis, the company’s total oil and gas production decreased by 14.86% from the same period in 2020.

The company’s oil production stood at 0.46 bd in August 2021, while gas production declined by 2.18% to 10.34 mmcf/d. On a YTD basis, oil production in 2021 stood at 3.76 bd, while gas production declined by 14.89%. Out of the total oil and gas production in August 2021, oil production held a 0.03% share, while gas production held a 100% share.

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Looking at the states where MDS Energy Development recorded the highest oil and gas production in August 2021, Pennsylvania figured at the top, accounting for a 100% share. The company produced 1,782.78 boe/d in the state in August 2021, a decrease of 2.16% from the previous month.

On a YTD basis, the company produced 14,859.73 boe/d in Pennsylvania in 2021, recording a decrease of 14.86% from the same period in 2020.

 


 

MDS Energy Development witnessed the highest oil and gas production in Armstrong county in August 2021. Out of all the counties, Armstrong county held a share of 97.36% for the firm. The company produced 1,735.67 boe/d in Armstrong county in August 2021, a decrease of 2.19% in production when compared with the previous month.

On a YTD basis, the county produced 14,457.65 boe/d for the company in 2021, a 15.12% 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.

More in-depth reports and analysis on all reported information are available to subscribers through GlobalData’s Oil and Gas database.