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July 14, 2022

ARK LA Tex Energy records 7.17% decrease in production in March 2020

By Carmen

ARK LA Tex Energy recorded a decrease of 7.17% in total oil and gas production to 314.74 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of ARK LA Tex Energy declined 17.72% in March 2020 from 382.51 boe/d in March 2019.

On a YTD basis, the company’s total oil and gas production decreased by 16.02% from the same period in 2019.

The company’s oil production grew 24.85% to 17.03 bd in March 2020 from the previous month, while gas production declined by 8.65% to 1.69 mmcf/d. On a YTD basis, oil production decreased by 50.43% in 2020 when compared with the same period in 2019, while gas production declined by 14.19%. Out of the total oil and gas production in March 2020, oil production held a 5.41% share, while gas production held a 92.57% share.


Looking at the states where ARK LA Tex Energy recorded the highest oil and gas production in March 2020, Texas figured at the top, accounting for a 100% share. The company produced 314.74 boe/d in the state in March 2020, a decrease of 7.17% from the previous month.

On a YTD basis, the company produced 972.71 boe/d in Texas in 2020, recording a decrease of 16.02% from the same period in 2019.



ARK LA Tex Energy witnessed the highest oil and gas production in Nacogdoches county in March 2020. Out of all the counties, Nacogdoches county held a share of 51.19% for the firm. The company produced 161.12 boe/d in Nacogdoches county in March 2020, a decrease of 14.94% in production when compared with the previous month.

On a YTD basis, the county produced 516.79 boe/d for the company in 2020, a 5.35% 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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