Fina Oil & Chemical recorded a decrease of 1.11% in total oil and gas production to 304.24 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Fina Oil & Chemical grew 3.32% in February 2022 from 294.46 boe/d in February 2021.
On a YTD basis, the company’s total oil and gas production decreased by 4.71% from the same period in 2021.
The company’s oil production declined 5.5% to 71.17 bd in February 2022 from the previous month, while gas production up by 5.83% to 1.27 mmcf/d. On a YTD basis, oil production increased by 14.17% in 2022 when compared with the same period in 2021, while gas production declined by 10.51%. Out of the total oil and gas production in February 2022, oil production held a 23.39% share, while gas production held a 71.97% share.
Looking at the states where Fina Oil & Chemical recorded the highest oil and gas production in February 2022, Texas figured at the top, accounting for a 100% share. The company produced 298.24 boe/d in the state in February 2022, a decrease of 0.27% from the previous month.
On a YTD basis, the company produced 597.29 boe/d in Texas in 2022, recording a decrease of 6.98% from the same period in 2021.
Fina Oil & Chemical witnessed the highest oil and gas production in Starr county in February 2022. Out of all the counties, Starr county held a share of 44.61% for the firm. The company produced 135.73 boe/d in Starr county in February 2022, a decrease of 5.99% in production when compared with the previous month.
On a YTD basis, the county produced 280.11 boe/d for the company in 2022, a 2.9% 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.
