Australis Tms records 6.1% increase in production in February 2022 – Offshore Technology

Australis Tms recorded an increase of 6.1% in total oil and gas production to 1,157.03 boe/d in February 2022 when compared with the previous month, according to GlobalDatas USL48 database.

The oil and gas production of Australis Tms grew 2.06% in February 2022 from 1,133.67 boe/d in February 2021.

On a YTD basis, the companys total oil and gas production decreased by 12.93% from the same period in 2021.

The companys oil production grew 4.78% to 1,011.25 bd in February 2022 from the previous month, while gas production up by 16.44% to 0.85 mmcf/d. On a YTD basis, oil production decreased by 13.28% in 2022 when compared with the same period in 2021, while gas production declined by 10.29%. Out of the total oil and gas production in February 2022, oil production held an 87.4% share, while gas production held a 12.67% share.

Looking at the states where Australis Tms recorded the highest oil and gas production in February 2022, Mississippi figured at the top, accounting for a 100% share. The company produced 1,157.03 boe/d in the state in February 2022, an increase of 6.1% from the previous month.

On a YTD basis, the company produced 2,247.56 boe/d in Mississippi in 2022, recording a decrease of 12.93% from the same period in 2021.

Australis Tms witnessed the highest oil and gas production in Amite county in February 2022. Out of all the counties, Amite county held a share of 91.47% for the firm. The company produced 1,058.3 boe/d in Amite county in February 2022, an increase of 6.66% in production when compared with the previous month.

On a YTD basis, the county produced 2,050.49 boe/d for the company in 2022, a 14.13% decrease from the same period in 2021.

Methodology

All publicly announced wells data are included in this analysis, which is drawn from GlobalDatas 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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Australis Tms records 6.1% increase in production in February 2022 - Offshore Technology