Cedar Oil records 10.87% increase in production in February 2022
Cedar Oil recorded a 10.87% increase in total oil and gas production to 116.52 boe/d in February 2022 from the previous month, according to GlobalData’s USL48 database.
Cedar Oil’s oil and gas production increased 1.79% in February 2022 from 114.47 boe/d in February 2021.
On a YTD basis, the company’s total oil and gas production decreased by 9.67% compared to the same period in 2021.
The company’s oil production increased by 10.88% to 116.51 bpd in February 2022 from the previous month. On a YTD basis, oil production decreased by 8.07% in 2022 compared to the same period in 2021. Of the total oil and gas production in February 2022, oil production held a share of 99, 99%.
As for the states where Cedar Oil had the highest oil and gas production in February 2022, Texas was in the lead, accounting for a 100% share. The company produced 116.52 boe/d in the state in February 2022, an increase of 10.87% from the previous month.
On a YTD basis, the company produced 221.62 boe/d in Texas in 2022, down 9.67% from the same period in 2021.
Cedar Oil had the highest oil and gas production in Runnels County in February 2022. Of all the counties, Runnels County held a 74.91% share for the company. The company produced 87.29 boe/d in Runnels County in February 2022, a 25.16% increase in production from the previous month.
Year-to-date, the county produced 157.03 boe/d for the company in 2022, down 14.5% from the same period in 2021.
All publicly announced well data is included in this analysis, which is drawn from GlobalData’s USL48 database which provides information on oil and gas permits and wells as disclosed by State Department sites.
GlobalData collects the latest production data and analyzes trends when made public by state departments. Differences, if any, between the activity period and the article date can be attributed to delays in the publication of data.
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