Sojitz Energy Venture records 1.75% increase in production in September 2021

Sojitz Energy Venture recorded an increase of 1.75% in total oil and gas production to 289.18 boe/d in September 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Sojitz Energy Venture declined 10.03% in September 2021 from 321.42 boe/d in September 2020.

On a YTD basis, the company’s total oil and gas production decreased by 20.41% from the same period in 2020.

The company’s gas production up by 1.84% to 1.66 mmcf/d in September 2021 from the previous month. On a YTD basis, gas production declined by 20.38% in 2021 when compared with the same period in 2020. Out of the total oil and gas production in September 2021, gas production held a 98.97% share.

Looking at the states where Sojitz Energy Venture recorded the highest oil and gas production in September 2021, Texas figured at the top, accounting for a 100% share. The company produced 289.18 boe/d in the state in September 2021, an increase of 1.75% from the previous month.

On a YTD basis, the company produced 2,607.82 boe/d in Texas in 2021, recording a decrease of 20.41% from the same period in 2020.

Sojitz Energy Venture witnessed the highest oil and gas production in Rusk county in September 2021. Out of all the counties, Rusk county held a share of 84.53% for the firm. The company produced 244.43 boe/d in Rusk county in September 2021, an increase of 3.23% in production when compared with the previous month.

On a YTD basis, the county produced 2,173.68 boe/d for the company in 2021, a 16.36% 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.