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April 12, 2022

Valkyrie Operating records 10.78% increase in production in December 2021

By Carmen

Valkyrie Operating recorded an increase of 10.78% in total oil and gas production to 1,051.85 boe/d in December 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Valkyrie Operating grew 10.58% in December 2021 from 951.25 boe/d in December 2020.

On a YTD basis, the company’s total oil and gas production decreased by 10.36% from the same period in 2020.

The company’s oil production grew 7.9% to 919.91 bd in December 2021 from the previous month, while gas production up by 37.5% to 0.77 mmcf/d. On a YTD basis, oil production decreased by 12.73% in 2021 when compared with the same period in 2020, while gas production rose by 18.22%. Out of the total oil and gas production in December 2021, oil production held an 87.46% share, while gas production held a 12.62% share.


Looking at the states where Valkyrie Operating recorded the highest oil and gas production in December 2021, Wyoming figured at the top, accounting for a 100% share. The company produced 549.62 boe/d in the state in December 2021, a decrease of 5.34% from the previous month.

On a YTD basis, the company produced 5,700.46 boe/d in Wyoming in 2021, recording a decrease of 52.83% from the same period in 2020.



Valkyrie Operating witnessed the highest oil and gas production in Divide county in December 2021. Out of all the counties, Divide county held a share of 46.28% for the firm. The company produced 486.83 boe/d in Divide county in December 2021, an increase of 38.56% in production when compared with the previous month.

On a YTD basis, the county produced 4,993.77 boe/d for the company in 2021, a 22.37% decrease 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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