Formentera Operating recorded a decrease of 0.39% in total oil and gas production to 9,213.36 boe/d in January 2022 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Formentera Operating declined 14.12% in January 2022 from 10,727.63 boe/d in January 2021.
On a YTD basis, the company’s total oil and gas production decreased by 14.12% from the same period in 2021.
The company’s oil production grew 2.1% to 3,994.44 bd in January 2022 from the previous month, while gas production declined by 2.23% to 27.13 mmcf/d. On a YTD basis, oil production decreased by 13.28% in 2022 when compared with the same period in 2021, while gas production declined by 11.97%. Out of the total oil and gas production in January 2022, oil production held a 43.35% share, while gas production held a 50.77% share.
Looking at the states where Formentera Operating recorded the highest oil and gas production in January 2022, Texas figured at the top, accounting for a 100% share. The company produced 7,064.51 boe/d in the state in January 2022 from the previous month.
On a YTD basis, the company produced 7,064.51 boe/d in Texas in 2022, recording a decrease of 34.15% from the same period in 2021.
Formentera Operating witnessed the highest oil and gas production in Wheeler county in January 2022. Out of all the counties, Wheeler county held a share of 53.53% for the firm.
On a YTD basis, the county produced 4,931.87 boe/d for the company in 2022, a 15.76% decrease 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.