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March 31, 2022

Tacitus records 15.95% decrease in production in November 2021

By Carmen

Tacitus recorded a decrease of 15.95% in total oil and gas production to 88.56 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Tacitus declined 39.97% in November 2021 from 147.53 boe/d in November 2020.

On a YTD basis, the company’s total oil and gas production increased by 15.92% from the same period in 2020.

The company’s oil production declined 41.18% to 0.4 bd in November 2021 from the previous month, while gas production declined by 16.39% to 0.51 mmcf/d. On a YTD basis, oil production decreased by 41.39% in 2021 when compared with the same period in 2020, while gas production rose by 16.64%. Out of the total oil and gas production in November 2021, oil production held a 0.45% share, while gas production held a 99.29% share.


Looking at the states where Tacitus recorded the highest oil and gas production in November 2021, New Mexico figured at the top, accounting for a 100% share. The company produced 88.56 boe/d in the state in November 2021, a decrease of 15.95% from the previous month.

On a YTD basis, the company produced 1,276.36 boe/d in New Mexico in 2021, recording an increase of 15.92% from the same period in 2020.



Tacitus witnessed the highest oil and gas production in San Juan county in November 2021. Out of all the counties, San Juan county held a share of 100% for the firm. The company produced 88.56 boe/d in San Juan county in November 2021, a decrease of 15.95% in production when compared with the previous month.

On a YTD basis, the county produced 1,276.36 boe/d for the company in 2021, a 15.92% 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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