Pinnacle Operating records 9.39% increase in production in February 2022

Pinnacle Operating recorded an increase of 9.39% in total oil and gas production to 503.61 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Pinnacle Operating grew 43.5% in February 2022 from 350.95 boe/d in February 2021.

On a YTD basis, the company’s total oil and gas production increased by 25.31% from the same period in 2021.

The company’s oil production declined 0.81% to 102.35 bd in February 2022 from the previous month, while gas production up by 12.56% to 2.33 mmcf/d. On a YTD basis, oil production increased by 22% in 2022 when compared with the same period in 2021, while gas production rose by 26.44%. Out of the total oil and gas production in February 2022, oil production held a 20.32% share, while gas production held a 79.77% share.

Looking at the states where Pinnacle Operating recorded the highest oil and gas production in February 2022, Louisiana figured at the top, accounting for a 1.3% share. The company produced 480.35 boe/d in the state in February 2022, an increase of 9.79% from the previous month.

On a YTD basis, the company produced 917.87 boe/d in Louisiana in 2022, recording an increase of 19.32% from the same period in 2021.

Pinnacle Operating witnessed the highest oil and gas production in De Soto county in February 2022. Out of all the counties, De Soto county held a share of 45.24% for the firm. The company produced 227.85 boe/d in De Soto county in February 2022, an increase of 26.1% in production when compared with the previous month.

On a YTD basis, the county produced 408.54 boe/d for the company in 2022, a 14.25% 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.