Venture Oil & Gas recorded an increase of 7.04% in total oil and gas production to 9,333.96 boe/d in January 2022 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Venture Oil & Gas grew 4.23% in January 2022 from 8,954.94 boe/d in January 2021.

On a YTD basis, the company’s total oil and gas production increased by 4.23% from the same period in 2021.

The company’s oil production grew 7.88% to 6,206.88 bd in January 2022 from the previous month, while gas production up by 5.47% to 18.14 mmcf/d. On a YTD basis, oil production increased by 13.25% in 2022 when compared with the same period in 2021, while gas production declined by 9.98%. Out of the total oil and gas production in January 2022, oil production held a 66.5% share, while gas production held a 33.51% share.

Looking at the states where Venture Oil & Gas recorded the highest oil and gas production in January 2022, Mississippi figured at the top, accounting for a 100% share. The company produced 9,086.91 boe/d in the state in January 2022 from the previous month.

On a YTD basis, the company produced 9,086.91 boe/d in Mississippi in 2022, recording an increase of 1.47% from the same period in 2021.

Venture Oil & Gas witnessed the highest oil and gas production in Jones county in January 2022. Out of all the counties, Jones county held a share of 39.75% for the firm.

On a YTD basis, the county produced 3,710.37 boe/d for the company in 2022, a 24.46% 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.