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August 18, 2022

ARK LA Tex Energy records 53.25% decrease in production in April 2020

By Carmen

ARK LA Tex Energy recorded a decrease of 53.25% in total oil and gas production to 489.38 boe/d in April 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of ARK LA Tex Energy declined 60.74% in April 2020 from 1,246.44 boe/d in April 2019.

On a YTD basis, the company’s total oil and gas production decreased by 19.14% from the same period in 2019.

The company’s oil production declined 26% to 27.67 bd in April 2020 from the previous month, while gas production declined by 54.47% to 2.65 mmcf/d. On a YTD basis, oil production decreased by 31.71% in 2020 when compared with the same period in 2019, while gas production declined by 18.76%. Out of the total oil and gas production in April 2020, oil production held a 5.65% share, while gas production held a 93.36% share.


Looking at the states where ARK LA Tex Energy recorded the highest oil and gas production in April 2020, Texas figured at the top, accounting for a 100% share. The company produced 296.37 boe/d in the state in April 2020, a decrease of 5.84% from the previous month.

On a YTD basis, the company produced 1,269.09 boe/d in Texas in 2020, recording a decrease of 73.01% from the same period in 2019.



ARK LA Tex Energy witnessed the highest oil and gas production in Nacogdoches county in April 2020. Out of all the counties, Nacogdoches county held a share of 28.44% for the firm. The company produced 139.17 boe/d in Nacogdoches county in April 2020, a decrease of 13.62% in production when compared with the previous month.

On a YTD basis, the county produced 1,962.27 boe/d for the company in 2020, a 29.82% decrease from the same period in 2019.



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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