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.

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By GlobalData

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.



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.