Fasken Oil & Ranch recorded an increase of 40.26% in total oil and gas production to 63,754.72 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Fasken Oil & Ranch grew 129.85% in February 2022 from 27,738.03 boe/d in February 2021.
On a YTD basis, the company’s total oil and gas production increased by 75.24% from the same period in 2021.
The company’s oil production grew 51.97% to 37,412.17 bd in February 2022 from the previous month, while gas production up by 29.4% to 134.23 mmcf/d. On a YTD basis, oil production increased by 79.39% in 2022 when compared with the same period in 2021, while gas production rose by 70.8%. Out of the total oil and gas production in February 2022, oil production held a 58.68% share, while gas production held a 36.3% share.
Looking at the states where Fasken Oil & Ranch recorded the highest oil and gas production in February 2022, Texas figured at the top, accounting for a 100% share. The company produced 62,254.55 boe/d in the state in February 2022, an increase of 41.53% from the previous month.
On a YTD basis, the company produced 1,06,240.81 boe/d in Texas in 2022, recording an increase of 70.48% from the same period in 2021.
Fasken Oil & Ranch witnessed the highest oil and gas production in Andrews county in February 2022. Out of all the counties, Andrews county held a share of 44.83% for the firm. The company produced 28,580.1 boe/d in Andrews county in February 2022, an increase of 58.93% in production when compared with the previous month.
On a YTD basis, the county produced 46,562.67 boe/d for the company in 2022, a 290.59% increase from the same period in 2021.
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.