Abraxas Petroleum recorded a decrease of 1.8% in total oil and gas production to 8,595.65 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Abraxas Petroleum declined 11% in February 2022 from 9,658.2 boe/d in February 2021.
On a YTD basis, the company’s total oil and gas production decreased by 19.82% from the same period in 2021.
The company’s oil production declined 0.73% to 3,787.98 bd in February 2022 from the previous month, while gas production declined by 2.63% to 27.82 mmcf/d. On a YTD basis, oil production decreased by 30.73% in 2022 when compared with the same period in 2021, while gas production declined by 8.55%. Out of the total oil and gas production in February 2022, oil production held a 44.07% share, while gas production held a 55.8% share.
Looking at the states where Abraxas Petroleum recorded the highest oil and gas production in February 2022, North Dakota figured at the top, accounting for a 60.94% share. The company produced 5,340.83 boe/d in the state in February 2022, a decrease of 1.25% from the previous month.
On a YTD basis, the company produced 10,749.24 boe/d in North Dakota in 2022, recording a decrease of 50.32% from the same period in 2021.
Abraxas Petroleum witnessed the highest oil and gas production in Mckenzie county in February 2022. Out of all the counties, Mckenzie county held a share of 61.65% for the firm. The company produced 5,298.97 boe/d in Mckenzie county in February 2022, a decrease of 1.11% in production when compared with the previous month.
On a YTD basis, the county produced 10,657.51 boe/d for the company in 2022, a 24.94% decrease 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.
