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Novo Oil & Gas Texas recorded an increase of 3.67% in total oil and gas production to 69.76 boe/d in September 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Novo Oil & Gas Texas declined 21.79% in September 2021 from 89.2 boe/d in September 2020.
On a YTD basis, the company’s total oil and gas production decreased by 54.53% from the same period in 2020.
The company’s oil production grew 3.44% to 59.92 bd in September 2021 from the previous month, while gas production up by 20% to 0.06 mmcf/d. On a YTD basis, oil production decreased by 53.51% in 2021 when compared with the same period in 2020, while gas production declined by 60.71%. Out of the total oil and gas production in September 2021, oil production held an 85.89% share, while gas production held a 14.82% share.
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By GlobalDataLooking at the states where Novo Oil & Gas Texas recorded the highest oil and gas production in September 2021, Texas figured at the top, accounting for a 100% share. The company produced 69.76 boe/d in the state in September 2021, an increase of 3.67% from the previous month.
On a YTD basis, the company produced 629.82 boe/d in Texas in 2021, recording a decrease of 54.53% from the same period in 2020.
Novo Oil & Gas Texas witnessed the highest oil and gas production in Ector county in September 2021. Out of all the counties, Ector county held a share of 100% for the firm. The company produced 69.76 boe/d in Ector county in September 2021, an increase of 3.67% in production when compared with the previous month.
On a YTD basis, the county produced 629.82 boe/d for the company in 2021, a 54.53% decrease 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.
