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August 18, 2022

Catena Resources Operating records 17.96% decrease in production in April 2020

By Carmen

Catena Resources Operating recorded a decrease of 17.96% in total oil and gas production to 1,260.62 boe/d in April 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Catena Resources Operating grew 46.35% in April 2020 from 861.39 boe/d in April 2019.

On a YTD basis, the company’s total oil and gas production increased by 77.88% from the same period in 2019.

The company’s oil production declined 19.96% to 1,023.17 bd in April 2020 from the previous month, while gas production declined by 8% to 1.38 mmcf/d. On a YTD basis, oil production increased by 86.51% in 2020 when compared with the same period in 2019, while gas production rose by 45.18%. Out of the total oil and gas production in April 2020, oil production held an 81.16% share, while gas production held an 18.87% share.


Looking at the states where Catena Resources Operating recorded the highest oil and gas production in April 2020, New Mexico figured at the top, accounting for a 100% share. The company produced 1,260.62 boe/d in the state in April 2020, a decrease of 17.96% from the previous month.

On a YTD basis, the company produced 6,216.29 boe/d in New Mexico in 2020, recording an increase of 77.88% from the same period in 2019.



Catena Resources Operating witnessed the highest oil and gas production in Lea county in April 2020. Out of all the counties, Lea county held a share of 100% for the firm. The company produced 1,260.62 boe/d in Lea county in April 2020, a decrease of 17.96% in production when compared with the previous month.

On a YTD basis, the county produced 6,216.29 boe/d for the company in 2020, a 77.88% 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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