Ridge Oil recorded an increase of 5.44% in total oil and gas production to 562.01 boe/d in December 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Ridge Oil grew 19.37% in December 2021 from 470.82 boe/d in December 2020.
On a YTD basis, the company’s total oil and gas production increased by 6.58% from the same period in 2020.
The company’s oil production grew 3.05% to 510.73 bd in December 2021 from the previous month, while gas production up by 30% to 0.26 mmcf/d. On a YTD basis, oil production increased by 5.6% in 2021 when compared with the same period in 2020, while gas production rose by 18.14%. Out of the total oil and gas production in December 2021, oil production held a 90.88% share, while gas production held a 7.98% share.
Looking at the states where Ridge Oil recorded the highest oil and gas production in December 2021, Texas figured at the top, accounting for a 100% share. The company produced 562.01 boe/d in the state in December 2021, an increase of 5.44% from the previous month.
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On a YTD basis, the company produced 6,132.36 boe/d in Texas in 2021, recording an increase of 6.58% from the same period in 2020.
Ridge Oil witnessed the highest oil and gas production in Young county in December 2021. Out of all the counties, Young county held a share of 74.05% for the firm. The company produced 416.17 boe/d in Young county in December 2021, an increase of 3.96% in production when compared with the previous month.
On a YTD basis, the county produced 4,392.29 boe/d for the company in 2021, a 9.66% increase 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.