Summit Petroleum recorded an increase of 4.17% in total oil and gas production to 38,113.25 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Summit Petroleum grew 57.71% in February 2022 from 24,166.93 boe/d in February 2021.
On a YTD basis, the company’s total oil and gas production increased by 34.88% from the same period in 2021.
The company’s oil production grew 6.54% to 24,833.34 bd in February 2022 from the previous month, while gas production stood at 76.99 mmcf/d. On a YTD basis, oil production increased by 24.44% in 2022 when compared with the same period in 2021, while gas production rose by 59.11%. Out of the total oil and gas production in February 2022, oil production held a 65.16% share, while gas production held a 34.83% share.
Looking at the states where Summit Petroleum recorded the highest oil and gas production in February 2022, Texas figured at the top, accounting for a 100% share. The company produced 37,253.38 boe/d in the state in February 2022, an increase of 4.05% from the previous month.
On a YTD basis, the company produced 73,057.82 boe/d in Texas in 2022, recording an increase of 31.91% from the same period in 2021.
Summit Petroleum witnessed the highest oil and gas production in Upton county in February 2022. Out of all the counties, Upton county held a share of 67.17% for the firm. The company produced 25,600.51 boe/d in Upton county in February 2022, a decrease of 3.55% in production when compared with the previous month.
On a YTD basis, the county produced 52,142.9 boe/d for the company in 2022, a 100.76% increase from the same period in 2021.
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.