Petroplex Energy recorded an increase of 7.06% in total oil and gas production to 943.43 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Petroplex Energy declined 1.45% in February 2022 from 957.35 boe/d in February 2021.
On a YTD basis, the company’s total oil and gas production decreased by 5.53% from the same period in 2021.
The company’s oil production grew 7.3% to 759.75 bd in February 2022 from the previous month, while gas production up by 7.14% to 1.05 mmcf/d. On a YTD basis, oil production decreased by 12.25% in 2022 when compared with the same period in 2021, while gas production rose by 40.97%. Out of the total oil and gas production in February 2022, oil production held an 80.53% share, while gas production held a 19.19% share.
Looking at the states where Petroplex Energy recorded the highest oil and gas production in February 2022, Texas figured at the top, accounting for a 100% share. The company produced 943.43 boe/d in the state in February 2022, an increase of 7.06% from the previous month.
On a YTD basis, the company produced 1,824.61 boe/d in Texas in 2022, recording a decrease of 5.53% from the same period in 2021.
Petroplex Energy witnessed the highest oil and gas production in Martin county in February 2022. Out of all the counties, Martin county held a share of 74.99% for the firm. The company produced 707.49 boe/d in Martin county in February 2022, an increase of 10.67% in production when compared with the previous month.
On a YTD basis, the county produced 1,346.79 boe/d for the company in 2022, a 7.08% decrease from the same period in 2021.