Maxus Exploration recorded an increase of 11.35% in total oil and gas production to 132.02 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Maxus Exploration grew 5.17% in February 2022 from 125.53 boe/d in February 2021.
On a YTD basis, the company’s total oil and gas production decreased by 2.69% from the same period in 2021.
The company’s oil production grew 286.3% to 8.46 bd in February 2022 from the previous month, while gas production up by 2.99% to 0.69 mmcf/d. On a YTD basis, oil production decreased by 39.47% in 2022 when compared with the same period in 2021, while gas production rose by 1.48%. Out of the total oil and gas production in February 2022, oil production held a 6.41% share, while gas production held a 90.11% share.
Looking at the states where Maxus Exploration recorded the highest oil and gas production in February 2022, Texas figured at the top, accounting for a 100% share. The company produced 132.02 boe/d in the state in February 2022, an increase of 11.35% from the previous month.
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On a YTD basis, the company produced 250.58 boe/d in Texas in 2022, recording a decrease of 2.69% from the same period in 2021.
Maxus Exploration witnessed the highest oil and gas production in Ochiltree county in February 2022. Out of all the counties, Ochiltree county held a share of 49.94% for the firm. The company produced 65.93 boe/d in Ochiltree county in February 2022, an increase of 14.86% in production when compared with the previous month.
On a YTD basis, the county produced 123.33 boe/d for the company in 2022, a 5.4% increase from the same period in 2021.
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.