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March 23, 2022

Meadco Properties records 0.15% increase in production in November 2021

By Carmen

Meadco Properties recorded an increase of 0.15% in total oil and gas production to 137.98 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Meadco Properties grew 3690.66% in November 2021 from 3.64 boe/d in November 2020.

On a YTD basis, the company’s total oil and gas production increased by 674.52% from the same period in 2020.

The company’s oil production declined 2.61% to 16.43 bd in November 2021 from the previous month, while gas production stood at 0.7 mmcf/d. On a YTD basis, oil production increased by 297.81% in 2021 when compared with the same period in 2020, while gas production rose by 790.79%. Out of the total oil and gas production in November 2021, oil production held an 11.91% share, while gas production held an 87.47% share.


Looking at the states where Meadco Properties recorded the highest oil and gas production in November 2021, Texas figured at the top, accounting for a 100% share. The company produced 137.98 boe/d in the state in November 2021, an increase of 0.15% from the previous month.

On a YTD basis, the company produced 1,321.8 boe/d in Texas in 2021, recording an increase of 674.52% from the same period in 2020.



Meadco Properties witnessed the highest oil and gas production in Irion county in November 2021. Out of all the counties, Irion county held a share of 100% for the firm. The company produced 137.98 boe/d in Irion county in November 2021, an increase of 0.15% in production when compared with the previous month.

On a YTD basis, the county produced 1,321.8 boe/d for the company in 2021, a 674.52% increase 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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