Momentum Operating recorded a decrease of 13.02% in total oil and gas production to 707.28 boe/d in January 2022 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Momentum Operating grew 8.58% in January 2022 from 651.38 boe/d in January 2021.
On a YTD basis, the company’s total oil and gas production increased by 8.58% from the same period in 2021.
The company’s oil production declined 12.86% to 421.44 bd in January 2022 from the previous month, while gas production declined by 13.09% to 1.66 mmcf/d. On a YTD basis, oil production increased by 6.07% in 2022 when compared with the same period in 2021, while gas production rose by 12.93%. Out of the total oil and gas production in January 2022, oil production held a 59.59% share, while gas production held a 40.46% share.
Looking at the states where Momentum Operating recorded the highest oil and gas production in January 2022, Texas figured at the top, accounting for a 100% share. The company produced 599.35 boe/d in the state in January 2022 from the previous month.
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On a YTD basis, the company produced 599.35 boe/d in Texas in 2022, recording a decrease of 7.99% from the same period in 2021.
Momentum Operating witnessed the highest oil and gas production in Hutchinson county in January 2022. Out of all the counties, Hutchinson county held a share of 34.74% for the firm.
On a YTD basis, the county produced 245.68 boe/d for the company in 2022, a 33.07% 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.