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  1. Market Data
September 15, 2022

Canan Mowrey Operating records 73.95% decrease in production in May 2020

By Carmen

Canan Mowrey Operating recorded a decrease of 73.95% in total oil and gas production to 118.94 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Canan Mowrey Operating declined 79.24% in May 2020 from 573 boe/d in May 2019.

On a YTD basis, the company’s total oil and gas production decreased by 31.69% from the same period in 2019.

The company’s oil production declined 74.49% to 112.47 bd in May 2020 from the previous month, while gas production declined by 55.56% to 0.04 mmcf/d. On a YTD basis, oil production decreased by 32.2% in 2020 when compared with the same period in 2019, while gas production declined by 15.09%. Out of the total oil and gas production in May 2020, oil production held a 94.56% share, while gas production held a 5.8% share.


Looking at the states where Canan Mowrey Operating recorded the highest oil and gas production in May 2020, Texas figured at the top, accounting for a 100% share. The company produced 118.94 boe/d in the state in May 2020, a decrease of 73.95% from the previous month.

On a YTD basis, the company produced 2,089.17 boe/d in Texas in 2020, recording a decrease of 31.69% from the same period in 2019.



Canan Mowrey Operating witnessed the highest oil and gas production in Dickens county in May 2020. Out of all the counties, Dickens county held a share of 82.32% for the firm. The company produced 97.91 boe/d in Dickens county in May 2020, a decrease of 71.79% in production when compared with the previous month.

On a YTD basis, the county produced 1,554.77 boe/d for the company in 2020, a 25% 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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