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  1. Market Data
April 14, 2022

Extraction Oil & Gas records 1.6% decrease in production in December 2021

By Carmen

Extraction Oil & Gas recorded a decrease of 1.6% in total oil and gas production to 85,461.86 boe/d in December 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Extraction Oil & Gas declined 12.84% in December 2021 from 98,047.08 boe/d in December 2020.

On a YTD basis, the company’s total oil and gas production decreased by 19.85% from the same period in 2020.

The company’s oil production declined 2.8% to 35,152.89 bd in December 2021 from the previous month, while gas production declined by 0.74% to 291.79 mmcf/d. On a YTD basis, oil production decreased by 29.15% in 2021 when compared with the same period in 2020, while gas production declined by 11.71%. Out of the total oil and gas production in December 2021, oil production held a 41.13% share, while gas production held a 58.87% share.


Looking at the states where Extraction Oil & Gas recorded the highest oil and gas production in December 2021, Colorado figured at the top, accounting for a 100% share. The company produced 85,461.86 boe/d in the state in December 2021, a decrease of 1.6% from the previous month.

On a YTD basis, the company produced 10,98,799.6 boe/d in Colorado in 2021, recording a decrease of 19.85% from the same period in 2020.



Extraction Oil & Gas witnessed the highest oil and gas production in Weld county in December 2021. Out of all the counties, Weld county held a share of 84.56% for the firm. The company produced 72,267.47 boe/d in Weld county in December 2021, a decrease of 2.06% in production when compared with the previous month.

On a YTD basis, the county produced 9,09,577.55 boe/d for the company in 2021, a 16.54% decrease from the same period in 2020.



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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