Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
January 5, 2022

Montana oil and gas production activity up by 3.06% in September 2021

By Carmen

Montana witnessed an increase of 3.06% in total oil and gas production to 206,437.49 boe/d in September 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production grew 103.47% in September 2021 from 101,457.48 boe/d in September 2020. On a YTD basis, the total oil and gas production in 2021 increased by 98.61% from the same period in 2020.

In September 2021, oil production grew 4.24% to 105,769.4 bd as against the previous month, while gas production up by 1.85% to 583.87 mmcf/d.

On a YTD basis, oil production increased by 93.33% in 2021 when compared with the same period in 2020, while gas production rose by 104.3%. Out of the total oil and gas production in September 2021, oil held a 51.24% share, while gas had a 48.76% share.

Content from our partners
Green investment: What gives Scotland multiple advantages
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager

In Montana, Denbury Resources emerged as the largest oil and gas producer, recording a total oil and gas production at 90,110.57 boe/d in September 2021, an increase of 4.43% from the previous month. The company held a 26.57% share in oil production and 61.6% share in gas production in September 2021.

On a YTD basis, the company registered a 95.28% increase in total oil and gas production from the same period in 2020.



Compared with other counties in Montana, Powder River county recorded the highest oil and gas production, holding a 34.69% share in September 2021. The county witnessed a 3.16% increase in production to 71,622.39 boe/d in September 2021 when compared with the previous month.

On a YTD basis, Powder River registered an increase of 97.98% in total production 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.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU