Terra Resources recorded an increase of 15.74% in total oil and gas production to 15.22 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Terra Resources grew 1.81% in November 2021 from 14.95 boe/d in November 2020.
On a YTD basis, the company’s total oil and gas production increased by 11.56% from the same period in 2020.
The company’s oil production grew 15.89% to 13.71 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 15.15% in 2021 when compared with the same period in 2020, while gas production rose by 328.57%. Out of the total oil and gas production in November 2021, oil production held a 90.08% share, while gas production held an 11.3% share.
Looking at the states where Terra Resources recorded the highest oil and gas production in November 2021, Texas figured at the top, accounting for a 100% share. The company produced 15.22 boe/d in the state in November 2021, an increase of 15.74% from the previous month.
On a YTD basis, the company produced 130.08 boe/d in Texas in 2021, recording a decrease of 13.69% from the same period in 2020.
Terra Resources witnessed the highest oil and gas production in Gaines county in November 2021. Out of all the counties, Gaines county held a share of 88.57% for the firm. The company produced 13.48 boe/d in Gaines county in November 2021, an increase of 18.56% in production when compared with the previous month.
On a YTD basis, the county produced 112.68 boe/d for the company in 2021, an 8.55% increase from the same period in 2020.
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.