View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
January 6, 2022

Verdad Oil & Gas records 2.08% increase in production in September 2021

By Carmen

Verdad Oil & Gas recorded an increase of 2.08% in total oil and gas production to 53.56 boe/d in September 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Verdad Oil & Gas grew 3.12% in September 2021 from 51.94 boe/d in September 2020.

On a YTD basis, the company’s total oil and gas production decreased by 6.08% from the same period in 2020.

The company’s oil production declined 7.91% to 8.38 bd in September 2021 from the previous month, while gas production up by 4% to 0.26 mmcf/d. On a YTD basis, oil production increased by 16.61% in 2021 when compared with the same period in 2020, while gas production declined by 9.58%. Out of the total oil and gas production in September 2021, oil production held a 15.65% share, while gas production held an 83.7% share.


Looking at the states where Verdad Oil & Gas recorded the highest oil and gas production in September 2021, Texas figured at the top, accounting for a 100% share. The company produced 53.56 boe/d in the state in September 2021, an increase of 2.08% from the previous month.

On a YTD basis, the company produced 455.4 boe/d in Texas in 2021, recording a decrease of 6.08% from the same period in 2020.



Verdad Oil & Gas witnessed the highest oil and gas production in Irion county in September 2021. Out of all the counties, Irion county held a share of 51.61% for the firm. The company produced 27.64 boe/d in Irion county in September 2021, a decrease of 2.26% in production when compared with the previous month.

On a YTD basis, the county produced 232.73 boe/d for the company in 2021, a 1.86% increase 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.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology