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July 1, 2022

Sandel Operating records 2.44% increase in production in February 2022

By Carmen

Sandel Operating recorded an increase of 2.44% in total oil and gas production to 697.22 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Sandel Operating grew 5.74% in February 2022 from 659.36 boe/d in February 2021.

On a YTD basis, the company’s total oil and gas production decreased by 14.1% from the same period in 2021.

The company’s oil production grew 24.44% to 1.68 bd in February 2022 from the previous month, while gas production up by 2.79% to 3.69 mmcf/d. On a YTD basis, oil production decreased by 38.04% in 2022 when compared with the same period in 2021, while gas production declined by 13.44%. Out of the total oil and gas production in February 2022, oil production held a 0.24% share, while gas production held a 91.25% share.


Looking at the states where Sandel Operating recorded the highest oil and gas production in February 2022, Texas figured at the top, accounting for a 100% share. The company produced 697.22 boe/d in the state in February 2022, an increase of 2.44% from the previous month.

On a YTD basis, the company produced 1,377.83 boe/d in Texas in 2022, recording a decrease of 14.1% from the same period in 2021.



Sandel Operating witnessed the highest oil and gas production in Live Oak county in February 2022. Out of all the counties, Live Oak county held a share of 29.23% for the firm. The company produced 203.83 boe/d in Live Oak county in February 2022, an increase of 4.54% in production when compared with the previous month.

On a YTD basis, the county produced 398.82 boe/d for the company in 2022, a 29.22% decrease 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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