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January 6, 2022

Verdun Oil records 12.86% increase in production in September 2021

By Carmen

Verdun Oil recorded an increase of 12.86% in total oil and gas production to 31,731.3 boe/d in September 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Verdun Oil grew 54.26% in September 2021 from 20,570.02 boe/d in September 2020.

On a YTD basis, the company’s total oil and gas production increased by 55.53% from the same period in 2020.

The company’s oil production grew 31.01% to 17,153.45 bd in September 2021 from the previous month, while gas production up by 0.94% to 70.11 mmcf/d. On a YTD basis, oil production increased by 28.26% in 2021 when compared with the same period in 2020, while gas production rose by 47.3%. Out of the total oil and gas production in September 2021, oil production held a 54.06% share, while gas production held a 38.09% share.


Looking at the states where Verdun Oil recorded the highest oil and gas production in September 2021, Texas figured at the top, accounting for a 100% share. The company produced 31,731.3 boe/d in the state in September 2021, an increase of 12.86% from the previous month.

On a YTD basis, the company produced 245,713.96 boe/d in Texas in 2021, recording an increase of 55.53% from the same period in 2020.



Verdun Oil witnessed the highest oil and gas production in Live Oak county in September 2021. Out of all the counties, Live Oak county held a share of 27.18% for the firm. The company produced 8,625.6 boe/d in Live Oak county in September 2021, a decrease of 10.01% in production when compared with the previous month.

On a YTD basis, the county produced 96,236.48 boe/d for the company in 2021, a 132.35% 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.

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