MDS Energy Development recorded a decrease of 2.07% in total oil and gas production to 1,700.95 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of MDS Energy Development declined 16.28% in November 2021 from 2,031.63 boe/d in November 2020.

On a YTD basis, the company’s total oil and gas production decreased by 15.32% from the same period in 2020.

The company’s oil production grew 4.44% to 0.47 bd in November 2021 from the previous month, while gas production declined by 2.09% to 9.86 mmcf/d. On a YTD basis, oil production in 2021 stood at 5.15 bd, while gas production declined by 15.34%. Out of the total oil and gas production in November 2021, oil production held a 0.03% share, while gas production held a 99.94% share.

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By GlobalData

Looking at the states where MDS Energy Development recorded the highest oil and gas production in November 2021, Pennsylvania figured at the top, accounting for a 100% share. The company produced 1,700.95 boe/d in the state in November 2021, a decrease of 2.07% from the previous month.

On a YTD basis, the company produced 20,048.25 boe/d in Pennsylvania in 2021, recording a decrease of 15.32% from the same period in 2020.



MDS Energy Development witnessed the highest oil and gas production in Armstrong county in November 2021. Out of all the counties, Armstrong county held a share of 97.22% for the firm. The company produced 1,653.58 boe/d in Armstrong county in November 2021, a decrease of 2.19% in production when compared with the previous month.

On a YTD basis, the county produced 19,504.45 boe/d for the company in 2021, a 15.56% 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.