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July 1, 2022

Three R Oil records 3.56% increase in production in February 2022

By Carmen

Three R Oil recorded an increase of 3.56% in total oil and gas production to 188.99 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Three R Oil grew 25.05% in February 2022 from 151.13 boe/d in February 2021.

On a YTD basis, the company’s total oil and gas production increased by 10.5% from the same period in 2021.

The company’s oil production grew 3.56% to 188.94 bd in February 2022 from the previous month. On a YTD basis, oil production increased by 10.48% in 2022 when compared with the same period in 2021. Out of the total oil and gas production in February 2022, oil production held a 99.97% share.


Looking at the states where Three R Oil recorded the highest oil and gas production in February 2022, Texas figured at the top, accounting for a 100% share. The company produced 188.99 boe/d in the state in February 2022, an increase of 3.56% from the previous month.

On a YTD basis, the company produced 371.47 boe/d in Texas in 2022, recording an increase of 10.5% from the same period in 2021.



Three R Oil witnessed the highest oil and gas production in Garza county in February 2022. Out of all the counties, Garza county held a share of 90.24% for the firm. The company produced 170.54 boe/d in Garza county in February 2022, an increase of 1.63% in production when compared with the previous month.

On a YTD basis, the county produced 338.35 boe/d for the company in 2022, an 8.64% 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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