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July 1, 2022

Ridgeway Arizona Oil records 5.32% increase in production in February 2022

By Carmen

Ridgeway Arizona Oil recorded an increase of 5.32% in total oil and gas production to 588.31 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Ridgeway Arizona Oil declined 37.51% in February 2022 from 941.48 boe/d in February 2021.

On a YTD basis, the company’s total oil and gas production decreased by 19.36% from the same period in 2021.

The company’s oil production grew 3.97% to 495.04 bd in February 2022 from the previous month, while gas production up by 12.5% to 0.54 mmcf/d. On a YTD basis, oil production decreased by 19.22% in 2022 when compared with the same period in 2021, while gas production declined by 20.31%. Out of the total oil and gas production in February 2022, oil production held an 84.15% share, while gas production held a 15.82% share.


Looking at the states where Ridgeway Arizona Oil recorded the highest oil and gas production in February 2022, New Mexico figured at the top, accounting for a 100% share. The company produced 588.31 boe/d in the state in February 2022, an increase of 5.32% from the previous month.

On a YTD basis, the company produced 1,146.91 boe/d in New Mexico in 2022, recording a decrease of 19.36% from the same period in 2021.



Ridgeway Arizona Oil witnessed the highest oil and gas production in Roosevelt county in February 2022. Out of all the counties, Roosevelt county held a share of 88.11% for the firm. The company produced 518.35 boe/d in Roosevelt county in February 2022, an increase of 8% in production when compared with the previous month.

On a YTD basis, the county produced 998.32 boe/d for the company in 2022, a 22.5% 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.

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