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Abraxas Petroleum recorded an increase of 164.51% in total oil and gas production to 3,286.45 boe/d in July 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Abraxas Petroleum declined 37.65% in July 2020 from 5,270.59 boe/d in July 2019.
On a YTD basis, the company’s total oil and gas production decreased by 51.84% from the same period in 2019.
The company’s oil production grew 170.83% to 2,549.42 bd in July 2020 from the previous month, while gas production up by 145.4% to 4.27 mmcf/d. On a YTD basis, oil production decreased by 48.33% in 2020 when compared with the same period in 2019, while gas production declined by 58.9%. Out of the total oil and gas production in July 2020, oil production held a 77.57% share, while gas production held a 22.4% share.
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By GlobalDataLooking at the states where Abraxas Petroleum recorded the highest oil and gas production in July 2020, Texas figured at the top, accounting for a 100% share. The company produced 3,267.28 boe/d in the state in July 2020, an increase of 162.97% from the previous month.
On a YTD basis, the company produced 17,733.91 boe/d in Texas in 2020, recording a decrease of 52.75% from the same period in 2019.
Abraxas Petroleum witnessed the highest oil and gas production in Ward county in July 2020. Out of all the counties, Ward county held a share of 91.35% for the firm. The company produced 3,002.31 boe/d in Ward county in July 2020, an increase of 159.64% in production when compared with the previous month.
On a YTD basis, the county produced 16,631.22 boe/d for the company in 2020, a 52.64% decrease from the same period in 2019.
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.
