Pinnacle Operating recorded a decrease of 5.68% in total oil and gas production to 433.29 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Pinnacle Operating grew 7.06% in November 2021 from 404.7 boe/d in November 2020.
On a YTD basis, the company’s total oil and gas production increased by 5.46% from the same period in 2020.
The company’s oil production declined 21.65% to 73.05 bd in November 2021 from the previous month, while gas production declined by 1.42% to 2.09 mmcf/d. On a YTD basis, oil production increased by 36.94% in 2021 when compared with the same period in 2020, while gas production rose by 0.63%. Out of the total oil and gas production in November 2021, oil production held a 16.86% share, while gas production held an 83.16% share.
Looking at the states where Pinnacle Operating recorded the highest oil and gas production in November 2021, Louisiana figured at the top, accounting for a 2.45% share. The company produced 417.65 boe/d in the state in November 2021, a decrease of 5.28% from the previous month.
On a YTD basis, the company produced 4,421.36 boe/d in Louisiana in 2021, recording an increase of 0.27% from the same period in 2020.
Pinnacle Operating witnessed the highest oil and gas production in De Soto county in November 2021. Out of all the counties, De Soto county held a share of 42.69% for the firm. The company produced 184.99 boe/d in De Soto county in November 2021, a decrease of 2.78% in production when compared with the previous month.
On a YTD basis, the county produced 2,096.19 boe/d for the company in 2021, a 5.21% 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.