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July 1, 2022

Shenandoah Petroleum records 7.22% increase in production in February 2022

By Carmen

Shenandoah Petroleum recorded an increase of 7.22% in total oil and gas production to 255.1 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Shenandoah Petroleum grew 40.1% in February 2022 from 182.09 boe/d in February 2021.

On a YTD basis, the company’s total oil and gas production increased by 25.19% from the same period in 2021.

The company’s oil production grew 7.46% to 236.29 bd in February 2022 from the previous month, while gas production stood at 0.1 mmcf/d. On a YTD basis, oil production increased by 28.22% in 2022 when compared with the same period in 2021, while gas production. Out of the total oil and gas production in February 2022, oil production held a 92.63% share, while gas production held a 6.76% share.


Looking at the states where Shenandoah Petroleum recorded the highest oil and gas production in February 2022, Texas figured at the top, accounting for a 100% share. The company produced 255.1 boe/d in the state in February 2022, an increase of 7.22% from the previous month.

On a YTD basis, the company produced 493.03 boe/d in Texas in 2022, recording an increase of 25.19% from the same period in 2021.



Shenandoah Petroleum witnessed the highest oil and gas production in Garza county in February 2022. Out of all the counties, Garza county held a share of 63.37% for the firm. The company produced 161.66 boe/d in Garza county in February 2022, an increase of 4.74% in production when compared with the previous month.

On a YTD basis, the county produced 316 boe/d for the company in 2022, a 37.05% 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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