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Caerus Piceance recorded a decrease of 2.3% in total oil and gas production to 69,744.51 boe/d in February 2022 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Caerus Piceance declined 14.35% in February 2022 from 81,426.71 boe/d in February 2021.
On a YTD basis, the company’s total oil and gas production decreased by 14.35% from the same period in 2021.
The company’s oil production grew 7.38% to 1,083.34 bd in February 2022 from the previous month, while gas production declined by 2.44% to 398.23 mmcf/d. On a YTD basis, oil production decreased by 11.72% in 2022 when compared with the same period in 2021, while gas production declined by 14.39%. Out of the total oil and gas production in February 2022, oil production held a 1.55% share, while gas production held a 98.44% share.
Looking at the states where Caerus Piceance recorded the highest oil and gas production in February 2022, Colorado figured at the top, accounting for a 100% share. The company produced 69,744.51 boe/d in the state in February 2022, a decrease of 2.3% from the previous month.
On a YTD basis, the company produced 1,41,133.86 boe/d in Colorado in 2022, recording a decrease of 14.35% from the same period in 2021.
Caerus Piceance witnessed the highest oil and gas production in GARFIELD county in February 2022. Out of all the counties, GARFIELD county held a share of 88.94% for the firm. The company produced 62,033.57 boe/d in GARFIELD county in February 2022, an increase of 0.83% in production when compared with the previous month.
On a YTD basis, the county produced 1,23,556.68 boe/d for the company in 2022, a 22.82% 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.
