Momentum Operating recorded an increase of 9.91% in total oil and gas production to 965.29 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Momentum Operating grew 80.9% in November 2021 from 533.61 boe/d in November 2020.
On a YTD basis, the company’s total oil and gas production increased by 51% from the same period in 2020.
The company’s oil production grew 8.85% to 580.76 bd in November 2021 from the previous month, while gas production up by 11.5% to 2.23 mmcf/d. On a YTD basis, oil production increased by 38.45% in 2021 when compared with the same period in 2020, while gas production rose by 76.84%. Out of the total oil and gas production in November 2021, oil production held a 60.16% share, while gas production held a 39.83% share.
Looking at the states where Momentum Operating recorded the highest oil and gas production in November 2021, Texas figured at the top, accounting for a 100% share. The company produced 853.57 boe/d in the state in November 2021, an increase of 9.77% from the previous month.
On a YTD basis, the company produced 7,051.45 boe/d in Texas in 2021, recording an increase of 29.56% from the same period in 2020.
Momentum Operating witnessed the highest oil and gas production in Hutchinson county in November 2021. Out of all the counties, Hutchinson county held a share of 40.82% for the firm. The company produced 393.99 boe/d in Hutchinson county in November 2021, an increase of 19.88% in production when compared with the previous month.
On a YTD basis, the county produced 2,536.21 boe/d for the company in 2021, a 46.8% increase from the same period in 2020.
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.