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March 31, 2022

Ricks Exploration records 7.07% increase in production in November 2021

By Carmen

Ricks Exploration recorded an increase of 7.07% in total oil and gas production to 13.02 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Ricks Exploration declined 45.39% in November 2021 from 23.84 boe/d in November 2020.

On a YTD basis, the company’s total oil and gas production decreased by 19.1% from the same period in 2020.

The company’s oil production declined 100%, while gas production up by 14.29% to 0.08 mmcf/d. On a YTD basis, oil production decreased by 53.18% in 2021 when compared with the same period in 2020, while gas production declined by 6.73%. Out of the total oil and gas production in November 2021, gas production held a 105.91% share.


Looking at the states where Ricks Exploration recorded the highest oil and gas production in November 2021, Texas figured at the top, accounting for a 100% share. The company produced 13.02 boe/d in the state in November 2021, an increase of 7.07% from the previous month.

On a YTD basis, the company produced 198.32 boe/d in Texas in 2021, recording a decrease of 19.1% from the same period in 2020.



Ricks Exploration witnessed the highest oil and gas production in Val Verde county in November 2021. Out of all the counties, Val Verde county held a share of 73.27% for the firm. The company produced 9.54 boe/d in Val Verde county in November 2021, an increase of 0.95% in production when compared with the previous month.

On a YTD basis, the county produced 109.11 boe/d for the company in 2021, an 18.24% 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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