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July 1, 2022

Sun Exploration & Production records 1.94% decrease in production in February 2022

By Carmen

Sun Exploration & Production recorded a decrease of 1.94% in total oil and gas production to 1,285.31 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Sun Exploration & Production grew 43.54% in February 2022 from 895.45 boe/d in February 2021.

On a YTD basis, the company’s total oil and gas production increased by 30.47% from the same period in 2021.

The company’s oil production declined 0.47% to 719.33 bd in February 2022 from the previous month, while gas production declined by 3.34% to 3.18 mmcf/d. On a YTD basis, oil production increased by 40.09% in 2022 when compared with the same period in 2021, while gas production rose by 20.26%. Out of the total oil and gas production in February 2022, oil production held a 55.97% share, while gas production held a 42.66% share.


Looking at the states where Sun Exploration & Production recorded the highest oil and gas production in February 2022, Texas figured at the top, accounting for a 100% share. The company produced 1,285.31 boe/d in the state in February 2022, a decrease of 1.94% from the previous month.

On a YTD basis, the company produced 2,596.08 boe/d in Texas in 2022, recording an increase of 30.47% from the same period in 2021.



Sun Exploration & Production witnessed the highest oil and gas production in Jim Wells county in February 2022. Out of all the counties, Jim Wells county held a share of 23.68% for the firm. The company produced 304.38 boe/d in Jim Wells county in February 2022, a decrease of 8.98% in production when compared with the previous month.

On a YTD basis, the county produced 638.79 boe/d for the company in 2022, a 43.82% 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.

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