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ARK LA Tex Energy recorded an increase of 9.76% in total oil and gas production to 918.14 boe/d in October 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of ARK LA Tex Energy declined 4.3% in October 2021 from 959.41 boe/d in October 2020.
On a YTD basis, the company’s total oil and gas production decreased by 9.62% from the same period in 2020.
The company’s oil production grew 4.6% to 27.53 bd in October 2021 from the previous month, while gas production up by 10.32% to 5.13 mmcf/d. On a YTD basis, oil production decreased by 16.92% in 2021 when compared with the same period in 2020, while gas production declined by 9.19%. Out of the total oil and gas production in October 2021, oil production held a 3% share, while gas production held a 96.33% share.
Looking at the states where ARK LA Tex Energy recorded the highest oil and gas production in October 2021, Louisiana figured at the top, accounting for a 46.59% share. The company produced 626.34 boe/d in the state in October 2021, an increase of 15.21% from the previous month.
On a YTD basis, the company produced 5,780.35 boe/d in Louisiana in 2021, recording a decrease of 40.77% from the same period in 2020.
ARK LA Tex Energy witnessed the highest oil and gas production in Bienville county in October 2021. Out of all the counties, Bienville county held a share of 62.37% for the firm. The company produced 572.62 boe/d in Bienville county in October 2021, an increase of 17.87% in production when compared with the previous month.
On a YTD basis, the county produced 5,221.18 boe/d for the company in 2021, an 11.75% 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.
