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July 1, 2022

Peba Oil & Gas records 1.47% increase in production in February 2022

By Carmen

Peba Oil & Gas recorded an increase of 1.47% in total oil and gas production to 497.51 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Peba Oil & Gas grew 16.42% in February 2022 from 427.35 boe/d in February 2021.

On a YTD basis, the company’s total oil and gas production increased by 15.02% from the same period in 2021.

The company’s oil production grew 1.39% to 444.66 bd in February 2022 from the previous month, while gas production stood at 0.3 mmcf/d. On a YTD basis, oil production increased by 15.25% in 2022 when compared with the same period in 2021, while gas production rose by 13.21%. Out of the total oil and gas production in February 2022, oil production held an 89.38% share, while gas production held a 10.4% share.


Looking at the states where Peba Oil & Gas recorded the highest oil and gas production in February 2022, Texas figured at the top, accounting for a 100% share. The company produced 497.51 boe/d in the state in February 2022, an increase of 1.47% from the previous month.

On a YTD basis, the company produced 987.81 boe/d in Texas in 2022, recording an increase of 15.02% from the same period in 2021.



Peba Oil & Gas witnessed the highest oil and gas production in Montague county in February 2022. Out of all the counties, Montague county held a share of 88.95% for the firm. The company produced 442.56 boe/d in Montague county in February 2022, an increase of 1.43% in production when compared with the previous month.

On a YTD basis, the county produced 878.88 boe/d for the company in 2022, a 14.54% 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.

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