Centennial Resource Development recorded an increase of 4.06% in total oil and gas production to 76,931.79 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Centennial Resource Development grew 26.68% in February 2022 from 60,731.62 boe/d in February 2021.

On a YTD basis, the company’s total oil and gas production increased by 16.46% from the same period in 2021.

The company’s oil production grew 11.97% to 42,559.69 bd in February 2022 from the previous month, while gas production declined by 2.78% to 168.46 mmcf/d. On a YTD basis, oil production increased by 39.75% in 2022 when compared with the same period in 2021, while gas production rose by 3.54%. Out of the total oil and gas production in February 2022, oil production held a 55.32% share, while gas production held a 37.75% share.


Looking at the states where Centennial Resource Development recorded the highest oil and gas production in February 2022, Texas figured at the top, accounting for a 100% share. The company produced 40,224.17 boe/d in the state in February 2022, a decrease of 7.23% from the previous month.

On a YTD basis, the company produced 83,583.43 boe/d in Texas in 2022, recording a decrease of 35.48% from the same period in 2021.



Centennial Resource Development witnessed the highest oil and gas production in Reeves county in February 2022. Out of all the counties, Reeves county held a share of 51.72% for the firm. The company produced 39,791.98 boe/d in Reeves county in February 2022, a decrease of 7.33% in production when compared with the previous month.

On a YTD basis, the county produced 82,732.14 boe/d for the company in 2022, a 15.49% 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.