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September 15, 2022

Atlantis Oil records 12.47% decrease in production in May 2020

By Carmen

Atlantis Oil recorded a decrease of 12.47% in total oil and gas production to 143.91 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Atlantis Oil declined 24.21% in May 2020 from 189.88 boe/d in May 2019.

On a YTD basis, the company’s total oil and gas production decreased by 17.58% from the same period in 2019.

The company’s oil production declined 12.49% to 140.79 bd in May 2020 from the previous month, while gas production stood at 0.02 mmcf/d. On a YTD basis, oil production decreased by 17.22% in 2020 when compared with the same period in 2019, while gas production declined by 33.33%. Out of the total oil and gas production in May 2020, oil production held a 97.83% share, while gas production held a 2.4% share.


Looking at the states where Atlantis Oil recorded the highest oil and gas production in May 2020, Texas figured at the top, accounting for a 100% share. The company produced 143.91 boe/d in the state in May 2020, a decrease of 12.47% from the previous month.

On a YTD basis, the company produced 776.78 boe/d in Texas in 2020, recording a decrease of 17.58% from the same period in 2019.



Atlantis Oil witnessed the highest oil and gas production in Wood county in May 2020. Out of all the counties, Wood county held a share of 40.41% for the firm. The company produced 58.15 boe/d in Wood county in May 2020, a decrease of 5.03% in production when compared with the previous month.

On a YTD basis, the county produced 261.7 boe/d for the company in 2020, a 21.71% 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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