Valence Operating recorded an increase of 0.61% in total oil and gas production to 15,840.16 boe/d in December 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Valence Operating grew 1.59% in December 2021 from 15,592.83 boe/d in December 2020.
On a YTD basis, the company’s total oil and gas production decreased by 8.67% from the same period in 2020.
The company’s oil production grew 5.83% to 4,196.06 bd in December 2021 from the previous month, while gas production declined by 1.43% to 64.66 mmcf/d. On a YTD basis, oil production decreased by 3.98% in 2021 when compared with the same period in 2020, while gas production declined by 9.87%. Out of the total oil and gas production in December 2021, oil production held a 26.49% share, while gas production held a 70.38% share.
Looking at the states where Valence Operating recorded the highest oil and gas production in December 2021, Texas figured at the top, accounting for a 100% share. The company produced 15,840.16 boe/d in the state in December 2021, an increase of 0.61% from the previous month.
On a YTD basis, the company produced 1,82,155.8 boe/d in Texas in 2021, recording a decrease of 8.67% from the same period in 2020.
Valence Operating witnessed the highest oil and gas production in Harrison county in December 2021. Out of all the counties, Harrison county held a share of 17.29% for the firm. The company produced 2,739.32 boe/d in Harrison county in December 2021, an increase of 1.29% in production when compared with the previous month.
On a YTD basis, the county produced 33,886.35 boe/d for the company in 2021, a 9.7% decrease 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.