Abraxas Petroleum recorded a decrease of 2.84% in total oil and gas production to 10,569.96 boe/d in October 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Abraxas Petroleum declined 2.76% in October 2021 from 10,870.09 boe/d in October 2020.
On a YTD basis, the company’s total oil and gas production increased by 11.01% from the same period in 2020.
The company’s oil production declined 3.12% to 4,865.72 bd in October 2021 from the previous month, while gas production declined by 2.62% to 33.02 mmcf/d. On a YTD basis, oil production decreased by 7.44% in 2021 when compared with the same period in 2020, while gas production rose by 37.25%. Out of the total oil and gas production in October 2021, oil production held a 46.03% share, while gas production held a 53.86% share.
Looking at the states where Abraxas Petroleum recorded the highest oil and gas production in October 2021, North Dakota figured at the top, accounting for a 62.69% share. The company produced 6,497.14 boe/d in the state in October 2021, a decrease of 2.37% from the previous month.
On a YTD basis, the company produced 68,696.44 boe/d in North Dakota in 2021, recording a decrease of 30.85% from the same period in 2020.
Abraxas Petroleum witnessed the highest oil and gas production in Mckenzie county in October 2021. Out of all the counties, Mckenzie county held a share of 61.17% for the firm. The company produced 6,465.47 boe/d in Mckenzie county in October 2021, a decrease of 2.25% in production when compared with the previous month.
On a YTD basis, the county produced 68,453.98 boe/d for the company in 2021, a 16.25% increase from the same period in 2020.
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.