Schalk Development recorded an increase of 4.64% in total oil and gas production to 141.62 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Schalk Development declined 8.6% in February 2022 from 154.95 boe/d in February 2021.
On a YTD basis, the company’s total oil and gas production decreased by 8.05% from the same period in 2021.
The company’s oil production grew 33.33% to 4 bd in February 2022 from the previous month, while gas production up by 3.9% to 0.8 mmcf/d. On a YTD basis, oil production increased by 30.11% in 2022 when compared with the same period in 2021, while gas production declined by 8.72%. Out of the total oil and gas production in February 2022, oil production held a 2.82% share, while gas production held a 97.39% share.
Looking at the states where Schalk Development recorded the highest oil and gas production in February 2022, New Mexico figured at the top, accounting for a 100% share. The company produced 141.62 boe/d in the state in February 2022, an increase of 4.64% from the previous month.
On a YTD basis, the company produced 276.96 boe/d in New Mexico in 2022, recording a decrease of 8.05% from the same period in 2021.
Schalk Development witnessed the highest oil and gas production in Rio Arriba county in February 2022. Out of all the counties, Rio Arriba county held a share of 79.19% for the firm. The company produced 112.15 boe/d in Rio Arriba county in February 2022, an increase of 4.36% in production when compared with the previous month.
On a YTD basis, the county produced 219.61 boe/d for the company in 2022, a 5.39% 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.
