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RME Austin Chalk recorded an increase of 57.29% in total oil and gas production to 7.88 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of RME Austin Chalk declined 40.71% in November 2021 from 13.29 boe/d in November 2020.
On a YTD basis, the company’s total oil and gas production decreased by 46% from the same period in 2020.
The company’s oil production grew 57.18% to 6.9 bd in November 2021 from the previous month, while gas production stood at 0.01 mmcf/d. On a YTD basis, oil production decreased by 35.48% in 2021 when compared with the same period in 2020, while gas production declined by 72%. Out of the total oil and gas production in November 2021, oil production held an 87.56% share, while gas production held a 21.83% share.
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Looking at the states where RME Austin Chalk recorded the highest oil and gas production in November 2021, Texas figured at the top, accounting for a 100% share. The company produced 7.88 boe/d in the state in November 2021, an increase of 57.29% from the previous month.
On a YTD basis, the company produced 80 boe/d in Texas in 2021, recording a decrease of 46% from the same period in 2020.
RME Austin Chalk witnessed the highest oil and gas production in Lee county in November 2021. Out of all the counties, Lee county held a share of 100% for the firm. The company produced 7.88 boe/d in Lee county in November 2021, an increase of 57.29% in production when compared with the previous month.
On a YTD basis, the county produced 80 boe/d for the company in 2021, a 46% decrease 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.
