Goldston Oill recorded an increase of 11.67% in total oil and gas production to 566.19 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Goldston Oill grew 29.12% in February 2022 from 438.49 boe/d in February 2021.
On a YTD basis, the company’s total oil and gas production increased by 5.7% from the same period in 2021.
The company’s oil production declined 6.1% to 296.79 bd in February 2022 from the previous month, while gas production up by 40% to 1.54 mmcf/d. On a YTD basis, oil production decreased by 1.41% in 2022 when compared with the same period in 2021, while gas production rose by 15.79%. Out of the total oil and gas production in February 2022, oil production held a 52.42% share, while gas production held a 46.89% share.
Looking at the states where Goldston Oill recorded the highest oil and gas production in February 2022, Texas figured at the top, accounting for a 100% share. The company produced 566.19 boe/d in the state in February 2022, an increase of 11.67% from the previous month.
On a YTD basis, the company produced 1,073.21 boe/d in Texas in 2022, recording an increase of 5.7% from the same period in 2021.
Goldston Oill witnessed the highest oil and gas production in Smith county in February 2022. Out of all the counties, Smith county held a share of 50.17% for the firm. The company produced 284.04 boe/d in Smith county in February 2022, a decrease of 5.38% in production when compared with the previous month.
On a YTD basis, the county produced 584.22 boe/d for the company in 2022, a 0.46% 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.