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September 15, 2022

ArklaTx Operating records 49.4% decrease in production in May 2020

By Carmen

ArklaTx Operating recorded a decrease of 49.4% in total oil and gas production to 110 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of ArklaTx Operating declined 73.25% in May 2020 from 411.26 boe/d in May 2019.

On a YTD basis, the company’s total oil and gas production decreased by 32.78% from the same period in 2019.

The company’s oil production declined 49.4% to 110 bd in May 2020 from the previous month. On a YTD basis, oil production decreased by 32.78% in 2020 when compared with the same period in 2019. Out of the total oil and gas production in May 2020, oil production held a 100% share.


Looking at the states where ArklaTx Operating recorded the highest oil and gas production in May 2020, Arkansas figured at the top, accounting for a 100% share. The company produced 110 boe/d in the state in May 2020, a decrease of 49.4% from the previous month.

On a YTD basis, the company produced 1,334.39 boe/d in Arkansas in 2020, recording a decrease of 32.78% from the same period in 2019.



ArklaTx Operating witnessed the highest oil and gas production in Union county in May 2020. Out of all the counties, Union county held a share of 53.93% for the firm. The company produced 59.32 boe/d in Union county in May 2020, a decrease of 60.68% in production when compared with the previous month.

On a YTD basis, the county produced 717.43 boe/d for the company in 2020, a 7.27% 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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