Ridge Oil recorded a decrease of 0.45% in total oil and gas production to 590.81 boe/d in January 2022 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Ridge Oil grew 25.6% in January 2022 from 470.39 boe/d in January 2021.

On a YTD basis, the company’s total oil and gas production increased by 25.6% from the same period in 2021.

The company’s oil production declined 1.34% to 536.94 bd in January 2022 from the previous month, while gas production up by 16% to 0.29 mmcf/d. On a YTD basis, oil production increased by 24.17% in 2022 when compared with the same period in 2021, while gas production rose by 52.63%. Out of the total oil and gas production in January 2022, oil production held a 90.88% share, while gas production held an 8.46% share.

Looking at the states where Ridge Oil recorded the highest oil and gas production in January 2022, Texas figured at the top, accounting for a 100% share. The company produced 590.81 boe/d in the state in January 2022 from the previous month.

On a YTD basis, the company produced 590.81 boe/d in Texas in 2022, recording an increase of 25.6% from the same period in 2021.

Ridge Oil witnessed the highest oil and gas production in Young county in January 2022. Out of all the counties, Young county held a share of 74.96% for the firm.

On a YTD basis, the county produced 442.88 boe/d for the company in 2022, a 41.13% 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.