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July 1, 2022

Whitehead Resources records 17.05% increase in production in February 2022

By Carmen

Whitehead Resources recorded an increase of 17.05% in total oil and gas production to 520.42 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Whitehead Resources grew 63.75% in February 2022 from 317.82 boe/d in February 2021.

On a YTD basis, the company’s total oil and gas production increased by 61% from the same period in 2021.

The company’s oil production grew 17.12% to 459.82 bd in February 2022 from the previous month, while gas production up by 16.67% to 0.35 mmcf/d. On a YTD basis, oil production increased by 50.47% in 2022 when compared with the same period in 2021, while gas production rose by 242.11%. Out of the total oil and gas production in February 2022, oil production held an 88.36% share, while gas production held an 11.59% share.


Looking at the states where Whitehead Resources recorded the highest oil and gas production in February 2022, Texas figured at the top, accounting for a 100% share. The company produced 520.42 boe/d in the state in February 2022, an increase of 17.05% from the previous month.

On a YTD basis, the company produced 965.04 boe/d in Texas in 2022, recording an increase of 61% from the same period in 2021.



Whitehead Resources witnessed the highest oil and gas production in Hardin county in February 2022. Out of all the counties, Hardin county held a share of 73.93% for the firm. The company produced 384.75 boe/d in Hardin county in February 2022, an increase of 29.52% in production when compared with the previous month.

On a YTD basis, the county produced 681.8 boe/d for the company in 2022, a 68.76% 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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