Valence Operating recorded a decrease of 4.03% in total oil and gas production to 13,740.24 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Valence Operating grew 12.86% in February 2022 from 12,174.92 boe/d in February 2021.
On a YTD basis, the company’s total oil and gas production increased by 6.14% from the same period in 2021.
The company’s oil production declined 11.83% to 2,858.96 bd in February 2022 from the previous month, while gas production declined by 1.46% to 60.23 mmcf/d. On a YTD basis, oil production increased by 14.57% in 2022 when compared with the same period in 2021, while gas production rose by 4.08%. Out of the total oil and gas production in February 2022, oil production held a 20.81% share, while gas production held a 75.58% share.
Looking at the states where Valence Operating recorded the highest oil and gas production in February 2022, Texas figured at the top, accounting for a 100% share. The company produced 13,740.24 boe/d in the state in February 2022, a decrease of 4.03% from the previous month.
On a YTD basis, the company produced 28,057.12 boe/d in Texas in 2022, recording an increase of 6.14% from the same period in 2021.
Valence Operating witnessed the highest oil and gas production in Harrison county in February 2022. Out of all the counties, Harrison county held a share of 18.97% for the firm.
On a YTD basis, the county produced 5,214.28 boe/d for the company in 2022, a 4.48% decrease 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.