Crossroads Operating recorded a decrease of 11.96% in total oil and gas production to 728.52 boe/d in January 2022 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Crossroads Operating declined 12.13% in January 2022 from 829.12 boe/d in January 2021.

On a YTD basis, the company’s total oil and gas production decreased by 12.13% from the same period in 2021.

The company’s oil production declined 10.3% to 723.22 bd in January 2022 from the previous month, while gas production declined by 75% to 0.03 mmcf/d. On a YTD basis, oil production decreased by 10.32% in 2022 when compared with the same period in 2021, while gas production declined by 76.92%. Out of the total oil and gas production in January 2022, oil production held a 99.27% share, while gas production held a 0.71% share.

Looking at the states where Crossroads Operating recorded the highest oil and gas production in January 2022, Texas figured at the top, accounting for a 100% share. The company produced 728.52 boe/d in the state in January 2022 from the previous month.

On a YTD basis, the company produced 728.52 boe/d in Texas in 2022, recording a decrease of 12.13% from the same period in 2021.

Crossroads Operating witnessed the highest oil and gas production in Scurry county in January 2022. Out of all the counties, Scurry county held a share of 85.78% for the firm.

On a YTD basis, the county produced 624.89 boe/d for the company in 2022, a 7.35% 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.