Red Oak Operating recorded an increase of 13.07% in total oil and gas production to 262.32 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Red Oak Operating grew 292.11% in February 2022 from 66.9 boe/d in February 2021.
On a YTD basis, the company’s total oil and gas production increased by 184.82% from the same period in 2021.
The company’s oil production grew 12.58% to 260.41 bd in February 2022 from the previous month, while gas production stood at 0.01 mmcf/d. On a YTD basis, oil production increased by 185.54% in 2022 when compared with the same period in 2021, while gas production rose by 100%. Out of the total oil and gas production in February 2022, oil production held a 99.27% share, while gas production held a 0.66% share.
Looking at the states where Red Oak Operating recorded the highest oil and gas production in February 2022, Arkansas figured at the top, accounting for a 100% share. The company produced 262.32 boe/d in the state in February 2022, an increase of 13.07% from the previous month.
On a YTD basis, the company produced 494.33 boe/d in Arkansas in 2022, recording an increase of 184.82% from the same period in 2021.
Red Oak Operating witnessed the highest oil and gas production in Lafayette county in February 2022. Out of all the counties, Lafayette county held a share of 56.12% for the firm. The company produced 147.21 boe/d in Lafayette county in February 2022, an increase of 24.81% in production when compared with the previous month.
On a YTD basis, the county produced 265.16 boe/d for the company in 2022, a 133.11% 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.