Meridian Oil recorded an increase of 18.68% in total oil and gas production to 106.66 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Meridian Oil grew 21.08% in November 2021 from 88.09 boe/d in November 2020.
On a YTD basis, the company’s total oil and gas production decreased by 16.67% from the same period in 2020.
The company’s oil production grew 13.73% to 56.83 bd in November 2021 from the previous month, while gas production up by 26.09% to 0.29 mmcf/d. On a YTD basis, oil production decreased by 18.3% in 2021 when compared with the same period in 2020, while gas production declined by 14.52%. Out of the total oil and gas production in November 2021, oil production held a 53.28% share, while gas production held a 46.88% share.
Looking at the states where Meridian Oil recorded the highest oil and gas production in November 2021, Texas figured at the top, accounting for a 100% share. The company produced 106.66 boe/d in the state in November 2021, an increase of 18.68% from the previous month.
On a YTD basis, the company produced 952.1 boe/d in Texas in 2021, recording a decrease of 18.5% from the same period in 2020.
Meridian Oil witnessed the highest oil and gas production in Crane county in November 2021. Out of all the counties, Crane county held a share of 58.02% for the firm. The company produced 61.88 boe/d in Crane county in November 2021, an increase of 25.49% in production when compared with the previous month.
On a YTD basis, the county produced 497.89 boe/d for the company in 2021, a 25.67% decrease from the same period in 2020.