Safari Resources records 9.61% increase in production in February 2022

Safari Resources recorded an increase of 9.61% in total oil and gas production to 226.31 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Safari Resources grew 32.13% in February 2022 from 171.28 boe/d in February 2021.

On a YTD basis, the company’s total oil and gas production increased by 10.36% from the same period in 2021.

The company’s oil production grew 1.77% to 83.56 bd in February 2022 from the previous month, while gas production up by 14.29% to 0.8 mmcf/d. On a YTD basis, oil production increased by 42.9% in 2022 when compared with the same period in 2021, while gas production declined by 3.85%. Out of the total oil and gas production in February 2022, oil production held a 36.92% share, while gas production held a 60.95% share.

Looking at the states where Safari Resources recorded the highest oil and gas production in February 2022, Texas figured at the top, accounting for a 100% share. The company produced 226.31 boe/d in the state in February 2022, an increase of 9.61% from the previous month.

On a YTD basis, the company produced 432.77 boe/d in Texas in 2022, recording an increase of 10.36% from the same period in 2021.

Safari Resources witnessed the highest oil and gas production in Stephens county in February 2022. Out of all the counties, Stephens county held a share of 71.09% for the firm. The company produced 160.89 boe/d in Stephens county in February 2022, an increase of 6.49% in production when compared with the previous month.

On a YTD basis, the county produced 311.98 boe/d for the company in 2022, a 15.11% 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.