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June 28, 2022

Aruba Petroleum records 25.89% increase in production in February 2022

By Carmen

Aruba Petroleum recorded an increase of 25.89% in total oil and gas production to 420.86 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Aruba Petroleum grew 19.47% in February 2022 from 352.28 boe/d in February 2021.

On a YTD basis, the company’s total oil and gas production decreased by 4.24% from the same period in 2021.

The company’s oil production grew 12.82% to 33.96 bd in February 2022 from the previous month, while gas production up by 27.17% to 2.2 mmcf/d. On a YTD basis, oil production increased by 31.51% in 2022 when compared with the same period in 2021, while gas production declined by 5.52%. Out of the total oil and gas production in February 2022, oil production held an 8.07% share, while gas production held a 90.12% share.


Looking at the states where Aruba Petroleum recorded the highest oil and gas production in February 2022, Texas figured at the top, accounting for a 100% share. The company produced 395.5 boe/d in the state in February 2022, an increase of 27.28% from the previous month.

On a YTD basis, the company produced 706.23 boe/d in Texas in 2022, recording a decrease of 10.44% from the same period in 2021.



Aruba Petroleum witnessed the highest oil and gas production in Wise county in February 2022. Out of all the counties, Wise county held a share of 87.34% for the firm. The company produced 367.57 boe/d in Wise county in February 2022, an increase of 33.53% in production when compared with the previous month.

On a YTD basis, the county produced 642.84 boe/d for the company in 2022, a 7.34% 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.

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