Exxcel Production recorded an increase of 5.16% in total oil and gas production to 269.26 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Exxcel Production grew 31.74% in February 2022 from 204.39 boe/d in February 2021.
On a YTD basis, the company’s total oil and gas production increased by 18.06% from the same period in 2021.
The company’s oil production grew 12.78% to 168.5 bd in February 2022 from the previous month, while gas production declined by 6.45% to 0.58 mmcf/d. On a YTD basis, oil production increased by 20.18% in 2022 when compared with the same period in 2021, while gas production rose by 14.29%. Out of the total oil and gas production in February 2022, oil production held a 62.58% share, while gas production held a 37.14% share.
Looking at the states where Exxcel Production recorded the highest oil and gas production in February 2022, Texas figured at the top, accounting for a 100% share. The company produced 269.26 boe/d in the state in February 2022, an increase of 5.16% from the previous month.
On a YTD basis, the company produced 525.3 boe/d in Texas in 2022, recording an increase of 18.06% from the same period in 2021.
Exxcel Production witnessed the highest oil and gas production in Gray county in February 2022. Out of all the counties, Gray county held a share of 66.76% for the firm. The company produced 179.76 boe/d in Gray county in February 2022, an increase of 1.85% in production when compared with the previous month.
On a YTD basis, the county produced 356.24 boe/d for the company in 2022, a 13.77% increase 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.
