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March 31, 2022

Texas oil and gas production activity declined by 0.12% in November 2021

By Carmen

Texas witnessed a decrease of 0.12% in total oil and gas production to 1,14,50,149.15 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production grew 19% in November 2021 from 96,21,630.9 boe/d in November 2020. On a YTD basis, the total oil and gas production in 2021 increased by 6.55% from the same period in 2020.

In November 2021, oil production grew 0.66% to 53,26,980.97 bd as against the previous month, while gas production declined by 0.63% to 31,894.53 mmcf/d.

On a YTD basis, oil production increased by 11.76% in 2021 when compared with the same period in 2020, while gas production rose by 4.73%. Out of the total oil and gas production in November 2021, oil held a 46.52% share, while gas had a 48.03% share.


In Texas, Pioneer Natural Resources emerged as the largest oil and gas producer, recording a total oil and gas production at 9,13,771.76 boe/d in November 2021, an increase of 0.22% from the previous month. The company held an 11.32% share in oil production and 5.65% share in gas production in November 2021.

On a YTD basis, the company registered a 22.83% increase in total oil and gas production from the same period in 2020.



Compared with other counties in Texas, Midland county recorded the highest oil and gas production, holding a 10.45% share in November 2021. The county witnessed a 3.39% increase in production to 11,96,636.59 boe/d in November 2021 when compared with the previous month.

On a YTD basis, Reeves registered a decline of 7.09% in total production 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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