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March 31, 2022

Sage Energy records 41.18% increase in production in November 2021

By Carmen

Sage Energy recorded an increase of 41.18% in total oil and gas production to 500.51 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Sage Energy declined 10.39% in November 2021 from 558.54 boe/d in November 2020.

On a YTD basis, the company’s total oil and gas production decreased by 15.5% from the same period in 2020.

The company’s oil production grew 54.18% to 317.79 bd in November 2021 from the previous month, while gas production up by 23.81% to 1.04 mmcf/d. On a YTD basis, oil production decreased by 8.48% in 2021 when compared with the same period in 2020, while gas production declined by 22.86%. Out of the total oil and gas production in November 2021, oil production held a 63.49% share, while gas production held a 35.83% share.


Looking at the states where Sage Energy recorded the highest oil and gas production in November 2021, Texas figured at the top, accounting for a 100% share. The company produced 500.51 boe/d in the state in November 2021, an increase of 41.18% from the previous month.

On a YTD basis, the company produced 4,880.06 boe/d in Texas in 2021, recording a decrease of 15.5% from the same period in 2020.



Sage Energy witnessed the highest oil and gas production in Dimmit county in November 2021. Out of all the counties, Dimmit county held a share of 44.66% for the firm. The company produced 223.52 boe/d in Dimmit county in November 2021, an increase of 96.83% in production when compared with the previous month.

On a YTD basis, the county produced 1,931.25 boe/d for the company in 2021, a 29.29% 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.

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