Lake Crystal Operating recorded an increase of 15.23% in total oil and gas production to 523.85 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Lake Crystal Operating grew 15.09% in February 2022 from 455.15 boe/d in February 2021.
On a YTD basis, the company’s total oil and gas production decreased by 21.27% from the same period in 2021.
The company’s oil production grew 30.69% to 453.55 bd in February 2022 from the previous month, while gas production declined by 33.87% to 0.41 mmcf/d. On a YTD basis, oil production decreased by 8.59% in 2022 when compared with the same period in 2021, while gas production declined by 51.64%. Out of the total oil and gas production in February 2022, oil production held an 86.58% share, while gas production held a 13.49% share.
Looking at the states where Lake Crystal Operating recorded the highest oil and gas production in February 2022, Texas figured at the top, accounting for a 100% share. The company produced 523.85 boe/d in the state in February 2022, an increase of 15.23% from the previous month.
On a YTD basis, the company produced 978.46 boe/d in Texas in 2022, recording a decrease of 21.27% from the same period in 2021.
Lake Crystal Operating witnessed the highest oil and gas production in Glasscock county in February 2022. Out of all the counties, Glasscock county held a share of 70.75% for the firm. The company produced 370.63 boe/d in Glasscock county in February 2022, a decrease of 2.64% in production when compared with the previous month.
On a YTD basis, the county produced 751.3 boe/d for the company in 2022, a 32.46% decrease 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.
