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August 18, 2022

B & L Resources records 4.12% decrease in production in April 2020

By Carmen

B & L Resources recorded a decrease of 4.12% in total oil and gas production to 72.37 boe/d in April 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of B & L Resources declined 35.6% in April 2020 from 112.37 boe/d in April 2019.

On a YTD basis, the company’s total oil and gas production decreased by 38.01% from the same period in 2019.

The company’s oil production grew 5.48% to 54.27 bd in April 2020 from the previous month, while gas production declined by 21.43% to 0.11 mmcf/d. On a YTD basis, oil production decreased by 42.85% in 2020 when compared with the same period in 2019, while gas production declined by 23.19%. Out of the total oil and gas production in April 2020, oil production held a 74.99% share, while gas production held a 26.21% share.


Looking at the states where B & L Resources recorded the highest oil and gas production in April 2020, Texas figured at the top, accounting for a 100% share. The company produced 72.37 boe/d in the state in April 2020, a decrease of 4.12% from the previous month.

On a YTD basis, the company produced 306.53 boe/d in Texas in 2020, recording a decrease of 38.01% from the same period in 2019.



B & L Resources witnessed the highest oil and gas production in Calhoun county in April 2020. Out of all the counties, Calhoun county held a share of 100% for the firm. The company produced 72.37 boe/d in Calhoun county in April 2020, a decrease of 4.12% in production when compared with the previous month.

On a YTD basis, the county produced 306.53 boe/d for the company in 2020, a 38.01% 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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