Redline Energy recorded a decrease of 4.08% in total oil and gas production to 506.19 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Redline Energy grew 16.92% in February 2022 from 432.92 boe/d in February 2021.
On a YTD basis, the company’s total oil and gas production increased by 5.78% from the same period in 2021.
The company’s oil production grew 9.94% to 73.65 bd in February 2022 from the previous month, while gas production declined by 5.99% to 2.51 mmcf/d. On a YTD basis, oil production increased by 5.95% in 2022 when compared with the same period in 2021, while gas production rose by 5.71%. Out of the total oil and gas production in February 2022, oil production held a 14.55% share, while gas production held an 85.49% share.
Looking at the states where Redline Energy recorded the highest oil and gas production in February 2022, Oklahoma figured at the top, accounting for a 100% share. The company produced 506.19 boe/d in the state in February 2022, a decrease of 4.08% from the previous month.
On a YTD basis, the company produced 1,033.92 boe/d in Oklahoma in 2022, recording an increase of 5.78% from the same period in 2021.
Redline Energy witnessed the highest oil and gas production in Beaver county in February 2022. Out of all the counties, Beaver county held a share of 28.13% for the firm. The company produced 142.37 boe/d in Beaver county in February 2022, a decrease of 3.78% in production when compared with the previous month.
On a YTD basis, the county produced 290.33 boe/d for the company in 2022, a 27.94% increase from the same period in 2021.