Best Petroleum Explorations recorded a decrease of 1.1% in total oil and gas production to 173.36 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Best Petroleum Explorations grew 30.73% in February 2022 from 132.61 boe/d in February 2021.

On a YTD basis, the company’s total oil and gas production increased by 22.01% from the same period in 2021.

The company’s oil production declined 6.58% to 37.62 bd in February 2022 from the previous month, while gas production stood at 0.78 mmcf/d. On a YTD basis, oil production decreased by 7.51% in 2022 when compared with the same period in 2021, while gas production rose by 36.84%. Out of the total oil and gas production in February 2022, oil production held a 21.7% share, while gas production held a 77.57% share.


Looking at the states where Best Petroleum Explorations recorded the highest oil and gas production in February 2022, Texas figured at the top, accounting for a 100% share. The company produced 173.36 boe/d in the state in February 2022, a decrease of 1.1% from the previous month.

On a YTD basis, the company produced 348.63 boe/d in Texas in 2022, recording an increase of 22.01% from the same period in 2021.



Best Petroleum Explorations witnessed the highest oil and gas production in Jack county in February 2022. Out of all the counties, Jack county held a share of 95.56% for the firm. The company produced 165.66 boe/d in Jack county in February 2022, a decrease of 1.1% in production when compared with the previous month.

On a YTD basis, the county produced 333.17 boe/d for the company in 2022, a 30.86% increase from the same period in 2021.



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.