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March 31, 2022

Synergy Offshore records 3.14% increase in production in November 2021

By Carmen

Synergy Offshore recorded an increase of 3.14% in total oil and gas production to 473.83 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Synergy Offshore declined 3.74% in November 2021 from 492.26 boe/d in November 2020.

On a YTD basis, the company’s total oil and gas production decreased by 1.3% from the same period in 2020.

The company’s oil production grew 2.05% to 436.74 bd in November 2021 from the previous month, while gas production up by 22.22% to 0.22 mmcf/d. On a YTD basis, oil production decreased by 1.06% in 2021 when compared with the same period in 2020, while gas production declined by 3.85%. Out of the total oil and gas production in November 2021, oil production held a 92.17% share, while gas production held an 8% share.


Looking at the states where Synergy Offshore recorded the highest oil and gas production in November 2021, Montana figured at the top, accounting for a 43.16% share. The company produced 330.97 boe/d in the state in November 2021, a decrease of 1.03% from the previous month.

On a YTD basis, the company produced 3,688.98 boe/d in Montana in 2021, recording a decrease of 29.95% from the same period in 2020.



Synergy Offshore witnessed the highest oil and gas production in Glacier county in November 2021. Out of all the counties, Glacier county held a share of 64.26% for the firm. The company produced 304.5 boe/d in Glacier county in November 2021, a decrease of 1.74% in production when compared with the previous month.

On a YTD basis, the county produced 3,401.25 boe/d for the company in 2021, a 1.42% 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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