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July 14, 2022

Bralex Operating records 6.6% decrease in production in March 2020

By Carmen

Bralex Operating recorded a decrease of 6.6% in total oil and gas production to 441.39 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Bralex Operating declined 5.86% in March 2020 from 468.89 boe/d in March 2019.

On a YTD basis, the company’s total oil and gas production decreased by 5.19% from the same period in 2019.

The company’s oil production declined 8.36% to 410.7 bd in March 2020 from the previous month, while gas production up by 28.57% to 0.18 mmcf/d. On a YTD basis, oil production decreased by 7.48% in 2020 when compared with the same period in 2019, while gas production rose by 41.03%. Out of the total oil and gas production in March 2020, oil production held a 93.05% share, while gas production held a 7.03% share.


Looking at the states where Bralex Operating recorded the highest oil and gas production in March 2020, Texas figured at the top, accounting for a 100% share. The company produced 441.39 boe/d in the state in March 2020, a decrease of 6.6% from the previous month.

On a YTD basis, the company produced 1,398.3 boe/d in Texas in 2020, recording a decrease of 5.19% from the same period in 2019.



Bralex Operating witnessed the highest oil and gas production in Ward county in March 2020. Out of all the counties, Ward county held a share of 88% for the firm. The company produced 388.41 boe/d in Ward county in March 2020, a decrease of 5.02% in production when compared with the previous month.

On a YTD basis, the county produced 1,223.01 boe/d for the company in 2020, a 5.47% 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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