Verdad Resources recorded an increase of 6.11% in total oil and gas production to 18,682.26 boe/d in December 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Verdad Resources grew 104.17% in December 2021 from 9,150.15 boe/d in December 2020.
On a YTD basis, the company’s total oil and gas production increased by 41.33% from the same period in 2020.
The company’s oil production grew 8.26% to 12,840.75 bd in December 2021 from the previous month, while gas production up by 1.68% to 33.88 mmcf/d. On a YTD basis, oil production increased by 38.77% in 2021 when compared with the same period in 2020, while gas production rose by 47.16%. Out of the total oil and gas production in December 2021, oil production held a 68.73% share, while gas production held a 31.27% share.
Looking at the states where Verdad Resources recorded the highest oil and gas production in December 2021, Colorado figured at the top, accounting for a 100% share. The company produced 18,682.26 boe/d in the state in December 2021, an increase of 6.11% from the previous month.
On a YTD basis, the company produced 1,98,356.78 boe/d in Colorado in 2021, recording an increase of 41.33% from the same period in 2020.
Verdad Resources witnessed the highest oil and gas production in Weld county in December 2021. Out of all the counties, Weld county held a share of 99.81% for the firm. The company produced 18,647.04 boe/d in Weld county in December 2021, an increase of 6.14% in production when compared with the previous month.
On a YTD basis, the county produced 1,97,887.07 boe/d for the company in 2021, a 41.49% increase 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.