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December 24, 2021updated 04 Jan 2022 5:48am

Oilwell Operators records 11.96% increase in production in September 2021

By Carmen

Oilwell Operators recorded an increase of 11.96% in total oil and gas production to 375.26 boe/d in September 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Oilwell Operators grew 19.9% in September 2021 from 312.97 boe/d in September 2020.

On a YTD basis, the company’s total oil and gas production decreased by 0.55% from the same period in 2020.

The company’s oil production grew 144.78% to 95 bd in September 2021 from the previous month, while gas production declined by 4.68% to 1.63 mmcf/d. On a YTD basis, oil production decreased by 9.57% in 2021 when compared with the same period in 2020, while gas production rose by 1.49%. Out of the total oil and gas production in September 2021, oil production held a 25.32% share, while gas production held a 74.89% share.

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Looking at the states where Oilwell Operators recorded the highest oil and gas production in September 2021, Texas figured at the top, accounting for a 100% share. The company produced 375.26 boe/d in the state in September 2021, an increase of 11.96% from the previous month.

On a YTD basis, the company produced 2,690.61 boe/d in Texas in 2021, recording a decrease of 0.55% from the same period in 2020.



Oilwell Operators witnessed the highest oil and gas production in Gray county in September 2021. Out of all the counties, Gray county held a share of 71.86% for the firm. The company produced 269.65 boe/d in Gray county in September 2021, an increase of 4.22% in production when compared with the previous month.

On a YTD basis, the county produced 2,117.62 boe/d for the company in 2021, a 3.48% increase 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.

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