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July 14, 2022

BRG Petroleum records 4.67% decrease in production in March 2020

By Carmen

BRG Petroleum recorded a decrease of 4.67% in total oil and gas production to 6,878.89 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of BRG Petroleum grew 323% in March 2020 from 1,626.2 boe/d in March 2019.

On a YTD basis, the company’s total oil and gas production increased by 24.6% from the same period in 2019.

The company’s oil production grew 5.97% to 563.97 bd in March 2020 from the previous month, while gas production declined by 5.52% to 36.63 mmcf/d. On a YTD basis, oil production decreased by 10.71% in 2020 when compared with the same period in 2019, while gas production rose by 28.83%. Out of the total oil and gas production in March 2020, oil production held an 8.2% share, while gas production held a 91.81% share.


Looking at the states where BRG Petroleum recorded the highest oil and gas production in March 2020, Oklahoma figured at the top. The company produced 6,875.79 boe/d in the state in March 2020, a decrease of 4.7% from the previous month.

On a YTD basis, the company produced 21,173.49 boe/d in Oklahoma in 2020, recording an increase of 24.57% from the same period in 2019.



BRG Petroleum witnessed the highest oil and gas production in Latimer county in March 2020. Out of all the counties, Latimer county held a share of 47.19% for the firm. The company produced 3,246.15 boe/d in Latimer county in March 2020, a decrease of 7.74% in production when compared with the previous month.

On a YTD basis, the county produced 10,192.9 boe/d for the company in 2020, a 24.73% 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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