MR NM Operating recorded an increase of 26.52% in total oil and gas production to 929.15 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of MR NM Operating grew 27.05% in February 2022 from 731.35 boe/d in February 2021.

On a YTD basis, the company’s total oil and gas production increased by 0.99% from the same period in 2021.

The company’s oil production grew 27.93% to 388.07 bd in February 2022 from the previous month, while gas production up by 25.6% to 3.14 mmcf/d. On a YTD basis, oil production decreased by 30.67% in 2022 when compared with the same period in 2021, while gas production rose by 49.6%. Out of the total oil and gas production in February 2022, oil production held a 41.77% share, while gas production held a 58.27% share.


Looking at the states where MR NM Operating recorded the highest oil and gas production in February 2022, New Mexico figured at the top, accounting for a 100% share. The company produced 929.15 boe/d in the state in February 2022, an increase of 26.52% from the previous month.

On a YTD basis, the company produced 1,663.55 boe/d in New Mexico in 2022, recording an increase of 0.99% from the same period in 2021.



MR NM Operating witnessed the highest oil and gas production in Eddy county in February 2022. Out of all the counties, Eddy county held a share of 85.71% for the firm. The company produced 796.41 boe/d in Eddy county in February 2022, an increase of 29.86% in production when compared with the previous month.

On a YTD basis, the county produced 1,409.71 boe/d for the company in 2022, an 11.64% 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.