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  1. Market Data
August 18, 2022

Cantera Operating records 1.16% increase in production in April 2020

By Carmen

Cantera Operating recorded an increase of 1.16% in total oil and gas production to 445.46 boe/d in April 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Cantera Operating declined 17.8% in April 2020 from 541.9 boe/d in April 2019.

On a YTD basis, the company’s total oil and gas production decreased by 20.89% from the same period in 2019.

The company’s gas production declined by 1.23% to 2.41 mmcf/d in April 2020 from the previous month. On a YTD basis, gas production declined by 21.05% in 2020 when compared with the same period in 2019. Out of the total oil and gas production in April 2020, gas production held a 93.28% share.


Looking at the states where Cantera Operating recorded the highest oil and gas production in April 2020, Texas figured at the top, accounting for a 100% share. The company produced 445.46 boe/d in the state in April 2020, an increase of 1.16% from the previous month.

On a YTD basis, the company produced 1,800.4 boe/d in Texas in 2020, recording a decrease of 20.89% from the same period in 2019.



Cantera Operating witnessed the highest oil and gas production in Lavaca county in April 2020. Out of all the counties, Lavaca county held a share of 38.74% for the firm. The company produced 172.56 boe/d in Lavaca county in April 2020, a decrease of 1.07% in production when compared with the previous month.

On a YTD basis, the county produced 698.64 boe/d for the company in 2020, a 27.19% 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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