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March 23, 2022

Mustang Fuel records 0.47% decrease in production in November 2021

By Carmen

Mustang Fuel recorded a decrease of 0.47% in total oil and gas production to 8,278.53 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Mustang Fuel grew 2361.8% in November 2021 from 336.28 boe/d in November 2020.

On a YTD basis, the company’s total oil and gas production increased by 1991.48% from the same period in 2020.

The company’s oil production grew 2.11% to 606.37 bd in November 2021 from the previous month, while gas production declined by 0.67% to 44.49 mmcf/d. On a YTD basis, oil production increased by 33.07% in 2021 when compared with the same period in 2020, while gas production rose by 119536.59%. Out of the total oil and gas production in November 2021, oil production held a 7.32% share, while gas production held a 92.66% share.


Looking at the states where Mustang Fuel recorded the highest oil and gas production in November 2021, Oklahoma figured at the top, accounting for a 0.11% share. The company produced 8,269.59 boe/d in the state in November 2021, a decrease of 0.49% from the previous month.

On a YTD basis, the company produced 90,135.89 boe/d in Oklahoma in 2021, recording an increase of 1989.51% from the same period in 2020.



Mustang Fuel witnessed the highest oil and gas production in Roger Mills county in November 2021. Out of all the counties, Roger Mills county held a share of 31.7% for the firm. The company produced 2,624.18 boe/d in Roger Mills county in November 2021, an increase of 1.06% in production when compared with the previous month.

On a YTD basis, the county produced 28,499.7 boe/d for the company in 2021.



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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