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.
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.