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December 24, 2021

Pinedale Investment records 21.06% increase in production in September 2021

By Carmen

Pinedale Investment recorded an increase of 21.06% in total oil and gas production to 66.97 boe/d in September 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Pinedale Investment grew 14.17% in September 2021 from 58.66 boe/d in September 2020.

On a YTD basis, the company’s total oil and gas production increased by 24.2% from the same period in 2020.

The company’s oil production grew 27.06% to 53.57 bd in September 2021 from the previous month, while gas production stood at 0.08 mmcf/d. On a YTD basis, oil production increased by 31.19% in 2021 when compared with the same period in 2020, while gas production rose by 4.69%. Out of the total oil and gas production in September 2021, oil production held a 79.99% share, while gas production held a 20.59% share.

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Looking at the states where Pinedale Investment recorded the highest oil and gas production in September 2021, Wyoming figured at the top, accounting for a 100% share. The company produced 66.97 boe/d in the state in September 2021, an increase of 21.06% from the previous month.

On a YTD basis, the company produced 509.16 boe/d in Wyoming in 2021, recording an increase of 24.2% from the same period in 2020.



Pinedale Investment witnessed the highest oil and gas production in Lincoln county in September 2021. Out of all the counties, Lincoln county held a share of 96.15% for the firm. The company produced 64.39 boe/d in Lincoln county in September 2021, an increase of 21.9% in production when compared with the previous month.

On a YTD basis, the county produced 496.51 boe/d for the company in 2021, a 26.94% 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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