Verdad Resources recorded a decrease of 4.29% in total oil and gas production to 20,712.17 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Verdad Resources grew 57.64% in February 2022 from 13,138.81 boe/d in February 2021.
On a YTD basis, the company’s total oil and gas production increased by 82.14% from the same period in 2021.
The company’s oil production declined 3.02% to 15,110.29 bd in February 2022 from the previous month, while gas production declined by 7.54% to 32.49 mmcf/d. On a YTD basis, oil production increased by 106.56% in 2022 when compared with the same period in 2021, while gas production rose by 38.93%. Out of the total oil and gas production in February 2022, oil production held a 72.95% share, while gas production held a 27.04% share.
Looking at the states where Verdad Resources recorded the highest oil and gas production in February 2022, Colorado figured at the top, accounting for a 100% share. The company produced 20,712.17 boe/d in the state in February 2022, a decrease of 4.29% from the previous month.
On a YTD basis, the company produced 42,352.06 boe/d in Colorado in 2022, recording an increase of 82.14% from the same period in 2021.
Verdad Resources witnessed the highest oil and gas production in Weld county in February 2022. Out of all the counties, Weld county held a share of 99.91% for the firm. The company produced 20,692.56 boe/d in Weld county in February 2022, a decrease of 4.27% in production when compared with the previous month.
On a YTD basis, the county produced 42,307.14 boe/d for the company in 2022, an 82.55% increase from the same period in 2021.