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July 1, 2022

Resolute Natural Resources records 2.92% decrease in production in February 2022

By Carmen

Resolute Natural Resources recorded a decrease of 2.92% in total oil and gas production to 29,745.76 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Resolute Natural Resources grew 24.09% in February 2022 from 23,971.97 boe/d in February 2021.

On a YTD basis, the company’s total oil and gas production increased by 11.75% from the same period in 2021.

The company’s oil production grew 1.99% to 904.83 bd in February 2022 from the previous month, while gas production declined by 2.85% to 104.54 mmcf/d. On a YTD basis, oil production increased by 60.3% in 2022 when compared with the same period in 2021, while gas production rose by 5.92%. Out of the total oil and gas production in February 2022, oil production held a 3.04% share, while gas production held a 60.59% share.


Looking at the states where Resolute Natural Resources recorded the highest oil and gas production in February 2022, Texas figured at the top, accounting for a 100% share. The company produced 29,745.76 boe/d in the state in February 2022, a decrease of 2.92% from the previous month.

On a YTD basis, the company produced 60,385.05 boe/d in Texas in 2022, recording an increase of 11.75% from the same period in 2021.



Resolute Natural Resources witnessed the highest oil and gas production in Reeves county in February 2022. Out of all the counties, Reeves county held a share of 99.83% for the firm. The company produced 29,694.35 boe/d in Reeves county in February 2022, a decrease of 2.91% in production when compared with the previous month.

On a YTD basis, the county produced 60,280.14 boe/d for the company in 2022, an 11.63% 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.

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