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  1. Market Data
September 15, 2022

Betsy Production records 4.27% increase in production in May 2020

By Carmen

Betsy Production recorded an increase of 4.27% in total oil and gas production to 589.2 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Betsy Production grew 0.19% in May 2020 from 588.07 boe/d in May 2019.

On a YTD basis, the company’s total oil and gas production increased by 0.15% from the same period in 2019.

The company’s oil production grew 4.28% to 583.23 bd in May 2020 from the previous month, while gas production stood at 0.03 mmcf/d. On a YTD basis, oil production increased by 2.18% in 2020 when compared with the same period in 2019, while gas production declined by 65.38%. Out of the total oil and gas production in May 2020, oil production held a 98.99% share, while gas production held a 0.88% share.


Looking at the states where Betsy Production recorded the highest oil and gas production in May 2020, Arkansas figured at the top, accounting for a 1.8% share. The company produced 567.23 boe/d in the state in May 2020, an increase of 4.07% from the previous month.

On a YTD basis, the company produced 2,908.11 boe/d in Arkansas in 2020, recording a decrease of 3.2% from the same period in 2019.



Betsy Production witnessed the highest oil and gas production in Ouachita county in May 2020. Out of all the counties, Ouachita county held a share of 45.97% for the firm. The company produced 270.86 boe/d in Ouachita county in May 2020, an increase of 10.26% in production when compared with the previous month.

On a YTD basis, the county produced 1,378.04 boe/d for the company in 2020, an 11.41% 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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