Vision Energy records 6.88% increase in production in February 2022

Vision Energy recorded an increase of 6.88% in total oil and gas production to 190.84 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Vision Energy grew 33.62% in February 2022 from 142.82 boe/d in February 2021.

On a YTD basis, the company’s total oil and gas production increased by 24.55% from the same period in 2021.

The company’s oil production declined 28.38% to 1.59 bd in February 2022 from the previous month, while gas production up by 7.84% to 1.1 mmcf/d. On a YTD basis, oil production increased by 14.76% in 2022 when compared with the same period in 2021, while gas production rose by 24.71%. Out of the total oil and gas production in February 2022, oil production held a 0.83% share, while gas production held a 99.38% share.

Looking at the states where Vision Energy recorded the highest oil and gas production in February 2022, Colorado figured at the top, accounting for a 2.22% share. The company produced 186.69 boe/d in the state in February 2022, an increase of 5.65% from the previous month.

On a YTD basis, the company produced 363.39 boe/d in Colorado in 2022, recording an increase of 22.53% from the same period in 2021.

Vision Energy witnessed the highest oil and gas production in Rio Blanco county in February 2022. Out of all the counties, Rio Blanco county held a share of 62.85% for the firm. The company produced 119.95 boe/d in Rio Blanco county in February 2022, an increase of 4.73% in production when compared with the previous month.

On a YTD basis, the county produced 234.48 boe/d for the company in 2022, a 10.4% 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.