Pacific Coast Energy recorded a decrease of 1.42% in total oil and gas production to 2,241.55 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Pacific Coast Energy grew 14.78% in February 2022 from 1,952.91 boe/d in February 2021.
On a YTD basis, the company’s total oil and gas production increased by 14.38% from the same period in 2021.
The company’s oil production declined 1.05% to 1,989.75 bd in February 2022 from the previous month, while gas production declined by 4.58% to 1.46 mmcf/d. On a YTD basis, oil production increased by 13.4% in 2022 when compared with the same period in 2021, while gas production rose by 23.05%. Out of the total oil and gas production in February 2022, oil production held an 88.77% share, while gas production held an 11.23% share.
Looking at the states where Pacific Coast Energy recorded the highest oil and gas production in February 2022, California figured at the top, accounting for a 100% share. The company produced 2,241.55 boe/d in the state in February 2022, a decrease of 1.42% from the previous month.
On a YTD basis, the company produced 4,515.31 boe/d in California in 2022, recording an increase of 14.38% from the same period in 2021.
Pacific Coast Energy witnessed the highest oil and gas production in Santa Barbara county in February 2022. Out of all the counties, Santa Barbara county held a share of 90.1% for the firm. The company produced 2,019.64 boe/d in Santa Barbara county in February 2022, a decrease of 0.56% in production when compared with the previous month.
On a YTD basis, the county produced 4,050.64 boe/d for the company in 2022, a 14.3% 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.
