Sage Natural Resources recorded a decrease of 3.48% in total oil and gas production to 14,408.42 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Sage Natural Resources grew 40.08% in February 2022 from 10,286.13 boe/d in February 2021.
On a YTD basis, the company’s total oil and gas production increased by 36.51% from the same period in 2021.
The company’s oil production grew 20% to 0.06 bd in February 2022 from the previous month, while gas production declined by 3.46% to 83.33 mmcf/d. On a YTD basis, oil production in 2022 stood at 0.11 bd, while gas production rose by 36.57%. Out of the total oil and gas production in February 2022, gas production held a 99.71% share.
Looking at the states where Sage 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 14,408.42 boe/d in the state in February 2022, a decrease of 3.48% from the previous month.
On a YTD basis, the company produced 29,336.34 boe/d in Texas in 2022, recording an increase of 36.51% from the same period in 2021.
Sage Natural Resources witnessed the highest oil and gas production in Tarrant county in February 2022. Out of all the counties, Tarrant county held a share of 77.71% for the firm. The company produced 11,196.76 boe/d in Tarrant county in February 2022, a decrease of 2.3% in production when compared with the previous month.
On a YTD basis, the county produced 22,657.24 boe/d for the company in 2022, a 54.94% 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.