ARES Energy recorded an increase of 12.24% in total oil and gas production to 140.61 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of ARES Energy grew 2.76% in February 2022 from 136.84 boe/d in February 2021.
On a YTD basis, the company’s total oil and gas production decreased by 12.72% from the same period in 2021.
The company’s oil production grew 12.74% to 99.56 bd in February 2022 from the previous month, while gas production up by 14.29% to 0.24 mmcf/d. On a YTD basis, oil production decreased by 14.92% in 2022 when compared with the same period in 2021, while gas production declined by 8.16%. Out of the total oil and gas production in February 2022, oil production held a 70.81% share, while gas production held a 29.43% share.
Looking at the states where ARES Energy recorded the highest oil and gas production in February 2022, Texas figured at the top, accounting for a 100% share. The company produced 137.87 boe/d in the state in February 2022, an increase of 12.35% from the previous month.
On a YTD basis, the company produced 260.58 boe/d in Texas in 2022, recording a decrease of 14.46% from the same period in 2021.
ARES Energy witnessed the highest oil and gas production in Andrews county in February 2022. Out of all the counties, Andrews county held a share of 50.86% for the firm. The company produced 71.52 boe/d in Andrews county in February 2022, an increase of 49.19% in production when compared with the previous month.
On a YTD basis, the county produced 119.47 boe/d for the company in 2022, a 17.67% decrease from the same period in 2021.
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.