Neches Exploration recorded an increase of 10.92% in total oil and gas production to 195.74 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Neches Exploration declined 8.79% in February 2022 from 214.61 boe/d in February 2021.

On a YTD basis, the company’s total oil and gas production decreased by 18.02% from the same period in 2021.

The company’s gas production up by 10.53% to 1.05 mmcf/d in February 2022 from the previous month. On a YTD basis, gas production declined by 17.7% in 2022 when compared with the same period in 2021. Out of the total oil and gas production in February 2022, gas production held a 92.48% share.


Looking at the states where Neches Exploration recorded the highest oil and gas production in February 2022, Texas figured at the top, accounting for a 100% share. The company produced 195.74 boe/d in the state in February 2022, an increase of 10.92% from the previous month.

On a YTD basis, the company produced 372.21 boe/d in Texas in 2022, recording a decrease of 18.02% from the same period in 2021.



Neches Exploration witnessed the highest oil and gas production in Gregg county in February 2022. Out of all the counties, Gregg county held a share of 100% for the firm. The company produced 195.74 boe/d in Gregg county in February 2022, an increase of 10.92% in production when compared with the previous month.

On a YTD basis, the county produced 372.21 boe/d for the company in 2022, an 18.02% 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.