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July 1, 2022

Texaco Producing records 26.26% increase in production in February 2022

By Carmen

Texaco Producing recorded an increase of 26.26% in total oil and gas production to 214.37 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Texaco Producing grew 90.2% in February 2022 from 112.71 boe/d in February 2021.

On a YTD basis, the company’s total oil and gas production increased by 19.85% from the same period in 2021.

The company’s oil production grew 33.27% to 113.99 bd in February 2022 from the previous month, while gas production up by 17.02% to 0.55 mmcf/d. On a YTD basis, oil production increased by 24.08% in 2022 when compared with the same period in 2021, while gas production rose by 15.73%. Out of the total oil and gas production in February 2022, oil production held a 53.17% share, while gas production held a 44.24% share.


Looking at the states where Texaco Producing recorded the highest oil and gas production in February 2022, Texas figured at the top, accounting for a 100% share. The company produced 214.37 boe/d in the state in February 2022, an increase of 26.26% from the previous month.

On a YTD basis, the company produced 384.15 boe/d in Texas in 2022, recording an increase of 19.85% from the same period in 2021.



Texaco Producing witnessed the highest oil and gas production in Ward county in February 2022. Out of all the counties, Ward county held a share of 22.2% for the firm. The company produced 47.58 boe/d in Ward county in February 2022, an increase of 89.94% in production when compared with the previous month.

On a YTD basis, the county produced 86.25 boe/d for the company in 2022, a 41.65% 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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