PRI Operating recorded a decrease of 2.31% in total oil and gas production to 24,871.67 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of PRI Operating grew 80.87% in February 2022 from 13,750.76 boe/d in February 2021.
On a YTD basis, the company’s total oil and gas production increased by 43.35% from the same period in 2021.
The company’s oil production declined 3.05% to 17,606 bd in February 2022 from the previous month, while gas production declined by 0.47% to 42.14 mmcf/d. On a YTD basis, oil production increased by 41.16% in 2022 when compared with the same period in 2021, while gas production rose by 49.02%. Out of the total oil and gas production in February 2022, oil production held a 70.79% share, while gas production held a 29.21% share.
Looking at the states where PRI Operating recorded the highest oil and gas production in February 2022, Texas figured at the top, accounting for a 100% share. The company produced 24,871.67 boe/d in the state in February 2022, a decrease of 2.31% from the previous month.
On a YTD basis, the company produced 50,331.11 boe/d in Texas in 2022, recording an increase of 43.35% from the same period in 2021.
PRI Operating witnessed the highest oil and gas production in Reeves county in February 2022. Out of all the counties, Reeves county held a share of 80.93% for the firm. The company produced 20,128.67 boe/d in Reeves county in February 2022, a decrease of 1.98% in production when compared with the previous month.
On a YTD basis, the county produced 40,663.49 boe/d for the company in 2022, a 54.19% increase from the same period in 2021.
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.