Fortune Resources recorded an increase of 5.99% in total oil and gas production to 659.92 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Fortune Resources grew 32.45% in February 2022 from 498.23 boe/d in February 2021.
On a YTD basis, the company’s total oil and gas production increased by 12.56% from the same period in 2021.
The company’s oil production grew 13.49% to 143.17 bd in February 2022 from the previous month, while gas production up by 6.37% to 2.84 mmcf/d. On a YTD basis, oil production increased by 18.95% in 2022 when compared with the same period in 2021, while gas production rose by 11.54%. Out of the total oil and gas production in February 2022, oil production held a 21.7% share, while gas production held a 74.2% share.
Looking at the states where Fortune Resources recorded the highest oil and gas production in February 2022, Texas figured at the top, accounting for a 100% share. The company produced 510.35 boe/d in the state in February 2022, an increase of 3.26% from the previous month.
On a YTD basis, the company produced 1,004.59 boe/d in Texas in 2022, recording a decrease of 11.83% from the same period in 2021.
Fortune Resources witnessed the highest oil and gas production in Shelby county in February 2022. Out of all the counties, Shelby county held a share of 20.73% for the firm. The company produced 136.83 boe/d in Shelby county in February 2022, a decrease of 2.7% in production when compared with the previous month.
On a YTD basis, the county produced 277.46 boe/d for the company in 2022, a 29.91% 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.