TGNR East Texas records 1.52% decrease in production in February 2022

TGNR East Texas recorded a decrease of 1.52% in total oil and gas production to 24,608.15 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of TGNR East Texas declined 15.58% in February 2022 from 29,149.61 boe/d in February 2021.

On a YTD basis, the company’s total oil and gas production decreased by 16.39% from the same period in 2021.

The company’s oil production grew 60.73% to 19.85 bd in February 2022 from the previous month, while gas production declined by 1.61% to 141.74 mmcf/d. On a YTD basis, oil production decreased by 59.55% in 2022 when compared with the same period in 2021, while gas production declined by 16.35%. Out of the total oil and gas production in February 2022, oil production held a 0.08% share, while gas production held a 99.31% share.

Looking at the states where TGNR East Texas recorded the highest oil and gas production in February 2022, Texas figured at the top, accounting for a 100% share. The company produced 24,608.15 boe/d in the state in February 2022, a decrease of 1.52% from the previous month.

On a YTD basis, the company produced 49,595.45 boe/d in Texas in 2022, recording a decrease of 16.39% from the same period in 2021.

TGNR East Texas witnessed the highest oil and gas production in Panola county in February 2022. Out of all the counties, Panola county held a share of 74.96% for the firm. The company produced 18,445.62 boe/d in Panola county in February 2022, a decrease of 2.11% in production when compared with the previous month.

On a YTD basis, the county produced 37,289.73 boe/d for the company in 2022, a 16.48% 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.