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July 1, 2022

Shoco Production records 19.65% increase in production in February 2022

By Carmen

Shoco Production recorded an increase of 19.65% in total oil and gas production to 337.02 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Shoco Production grew 22.83% in February 2022 from 274.39 boe/d in February 2021.

On a YTD basis, the company’s total oil and gas production decreased by 2.11% from the same period in 2021.

The company’s oil production grew 64.17% to 92.18 bd in February 2022 from the previous month, while gas production up by 7.26% to 1.33 mmcf/d. On a YTD basis, oil production increased by 34.38% in 2022 when compared with the same period in 2021, while gas production declined by 8.54%. Out of the total oil and gas production in February 2022, oil production held a 27.35% share, while gas production held a 68.04% share.


Looking at the states where Shoco Production recorded the highest oil and gas production in February 2022, Texas figured at the top, accounting for a 100% share. The company produced 337.02 boe/d in the state in February 2022, an increase of 19.65% from the previous month.

On a YTD basis, the company produced 618.69 boe/d in Texas in 2022, recording a decrease of 2.11% from the same period in 2021.



Shoco Production witnessed the highest oil and gas production in Matagorda county in February 2022. Out of all the counties, Matagorda county held a share of 28.16% for the firm. The company produced 94.92 boe/d in Matagorda county in February 2022, a decrease of 1.86% in production when compared with the previous month.

On a YTD basis, the county produced 191.63 boe/d for the company in 2022, an 8.25% 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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