Stovall Operating recorded a decrease of 4.95% in total oil and gas production to 265.98 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Stovall Operating grew 9.51% in February 2022 from 242.88 boe/d in February 2021.
On a YTD basis, the company’s total oil and gas production decreased by 4.54% from the same period in 2021.
The company’s oil production declined 0.05% to 152.19 bd in February 2022 from the previous month, while gas production declined by 9.09% to 0.6 mmcf/d. On a YTD basis, oil production decreased by 8.61% in 2022 when compared with the same period in 2021, while gas production rose by 11.5%. Out of the total oil and gas production in February 2022, oil production held a 57.22% share, while gas production held a 38.89% share.
Looking at the states where Stovall Operating recorded the highest oil and gas production in February 2022, Texas figured at the top, accounting for a 100% share. The company produced 265.98 boe/d in the state in February 2022, a decrease of 4.95% from the previous month.
On a YTD basis, the company produced 545.83 boe/d in Texas in 2022, recording a decrease of 4.54% from the same period in 2021.
Stovall Operating witnessed the highest oil and gas production in Young county in February 2022. Out of all the counties, Young county held a share of 73.24% for the firm. The company produced 194.8 boe/d in Young county in February 2022, a decrease of 2.36% in production when compared with the previous month.
On a YTD basis, the county produced 394.32 boe/d for the company in 2022, a 5.25% decrease from the same period in 2021.