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  1. Market Data
March 31, 2022

Prestonwood Operating records 4.59% increase in production in November 2021

By Carmen

Prestonwood Operating recorded an increase of 4.59% in total oil and gas production to 143.34 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Prestonwood Operating grew 30.63% in November 2021 from 109.73 boe/d in November 2020.

On a YTD basis, the company’s total oil and gas production increased by 19.84% from the same period in 2020.

The company’s oil production grew 4.59% to 143.34 bd in November 2021 from the previous month. On a YTD basis, oil production increased by 19.84% in 2021 when compared with the same period in 2020. Out of the total oil and gas production in November 2021, oil production held a 100% share.


Looking at the states where Prestonwood Operating recorded the highest oil and gas production in November 2021, Texas figured at the top, accounting for a 100% share. The company produced 143.34 boe/d in the state in November 2021, an increase of 4.59% from the previous month.

On a YTD basis, the company produced 1,449.8 boe/d in Texas in 2021, recording an increase of 19.84% from the same period in 2020.



Prestonwood Operating witnessed the highest oil and gas production in Tom Green county in November 2021. Out of all the counties, Tom Green county held a share of 59.4% for the firm. The company produced 85.15 boe/d in Tom Green county in November 2021, an increase of 3.07% in production when compared with the previous month.

On a YTD basis, the county produced 829.69 boe/d for the company in 2021, a 37.7% 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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