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March 31, 2022

Venado Oil & Gas records 12.57% decrease in production in November 2021

By Carmen

Venado Oil & Gas recorded a decrease of 12.57% in total oil and gas production to 65.37 boe/d in November 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Venado Oil & Gas declined 35.85% in November 2021 from 101.9 boe/d in November 2020.

On a YTD basis, the company’s total oil and gas production decreased by 42.32% from the same period in 2020.

The company’s oil production declined 10% to 60.3 bd in November 2021 from the previous month, while gas production declined by 40% to 0.03 mmcf/d. On a YTD basis, oil production decreased by 39.53% in 2021 when compared with the same period in 2020, while gas production declined by 59.48%. Out of the total oil and gas production in November 2021, oil production held a 92.24% share, while gas production held a 7.91% share.


Looking at the states where Venado Oil & Gas recorded the highest oil and gas production in November 2021, Texas figured at the top, accounting for a 100% share. The company produced 65.37 boe/d in the state in November 2021, a decrease of 12.57% from the previous month.

On a YTD basis, the company produced 819.12 boe/d in Texas in 2021, recording a decrease of 42.32% from the same period in 2020.



Venado Oil & Gas witnessed the highest oil and gas production in Lee county in November 2021. Out of all the counties, Lee county held a share of 100% for the firm. The company produced 65.37 boe/d in Lee county in November 2021, a decrease of 12.57% in production when compared with the previous month.

On a YTD basis, the county produced 819.12 boe/d for the company in 2021, a 42.32% 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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