Millwee Oil recorded an increase of 8.99% in total oil and gas production to 200.56 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Millwee Oil grew 157.13% in February 2022 from 78 boe/d in February 2021.
On a YTD basis, the company’s total oil and gas production increased by 113.37% from the same period in 2021.
The company’s oil production grew 7.51% to 102.33 bd in February 2022 from the previous month, while gas production up by 11.76% to 0.57 mmcf/d. On a YTD basis, oil production increased by 10.72% in 2022 when compared with the same period in 2021, while gas production rose by 10700%. Out of the total oil and gas production in February 2022, oil production held a 51.02% share, while gas production held a 49% share.
Looking at the states where Millwee Oil recorded the highest oil and gas production in February 2022, Texas figured at the top, accounting for a 100% share. The company produced 200.56 boe/d in the state in February 2022, an increase of 8.99% from the previous month.
On a YTD basis, the company produced 384.57 boe/d in Texas in 2022, recording an increase of 113.37% from the same period in 2021.
Millwee Oil witnessed the highest oil and gas production in Crane county in February 2022. Out of all the counties, Crane county held a share of 80.89% for the firm. The company produced 162.24 boe/d in Crane county in February 2022, an increase of 6.79% in production when compared with the previous month.
On a YTD basis, the county produced 314.18 boe/d for the company in 2022, a 132.16% 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.
