Newark E&P Operating recorded an increase of 4.96% in total oil and gas production to 81.66 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Newark E&P Operating grew 71.81% in November 2021 from 47.53 boe/d in November 2020.
On a YTD basis, the company’s total oil and gas production decreased by 43.93% from the same period in 2020.
The company’s oil production grew 17.97% to 8.47 bd in November 2021 from the previous month, while gas production up by 5.13% to 0.41 mmcf/d. On a YTD basis, oil production decreased by 7.89% in 2021 when compared with the same period in 2020, while gas production declined by 46.38%. Out of the total oil and gas production in November 2021, oil production held a 10.37% share, while gas production held an 86.57% share.
Looking at the states where Newark E&P Operating recorded the highest oil and gas production in November 2021, Texas figured at the top, accounting for a 100% share. The company produced 81.66 boe/d in the state in November 2021, an increase of 4.96% from the previous month.
On a YTD basis, the company produced 623.88 boe/d in Texas in 2021, recording a decrease of 43.93% from the same period in 2020.
Newark E&P Operating witnessed the highest oil and gas production in Jack county in November 2021. Out of all the counties, Jack county held a share of 71.09% for the firm. The company produced 58.05 boe/d in Jack county in November 2021, a decrease of 5.61% in production when compared with the previous month.
On a YTD basis, the county produced 522.2 boe/d for the company in 2021, a 40.62% decrease 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.