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July 14, 2022

BKV Operating records 5.52% decrease in production in March 2020

By Carmen

BKV Operating recorded a decrease of 5.52% in total oil and gas production to 34,108.6 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of BKV Operating grew 2.67% in March 2020 from 33,222.84 boe/d in March 2019.

On a YTD basis, the company’s total oil and gas production increased by 1.8% from the same period in 2019.

The company’s gas production declined by 5.52% to 197.83 mmcf/d in March 2020 from the previous month. On a YTD basis, gas production rose by 1.8% in 2020 when compared with the same period in 2019. Out of the total oil and gas production in March 2020, gas production held a 100% share.


Looking at the states where BKV Operating recorded the highest oil and gas production in March 2020, Pennsylvania figured at the top, accounting for a 100% share. The company produced 34,108.6 boe/d in the state in March 2020, a decrease of 5.52% from the previous month.

On a YTD basis, the company produced 1,05,739.62 boe/d in Pennsylvania in 2020, recording an increase of 1.8% from the same period in 2019.



BKV Operating witnessed the highest oil and gas production in Wyoming county in March 2020. Out of all the counties, Wyoming county held a share of 65.16% for the firm. The company produced 22,226.13 boe/d in Wyoming county in March 2020, a decrease of 7.27% in production when compared with the previous month.

On a YTD basis, the county produced 69,758.63 boe/d for the company in 2020, a 20.98% increase 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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