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July 14, 2022

Citizen Energy III records 4.4% decrease in production in March 2020

By Carmen

Citizen Energy III recorded a decrease of 4.4% in total oil and gas production to 24,338.23 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Citizen Energy III grew 17.81% in March 2020 from 20,658.03 boe/d in March 2019.

On a YTD basis, the company’s total oil and gas production increased by 14.4% from the same period in 2019.

The company’s oil production declined 2.54% to 20,149.04 bd in March 2020 from the previous month, while gas production declined by 12.4% to 24.3 mmcf/d. On a YTD basis, oil production decreased by 2.86% in 2020 when compared with the same period in 2019, while gas production rose by 304.99%. Out of the total oil and gas production in March 2020, oil production held an 82.79% share, while gas production held a 17.21% share.


Looking at the states where Citizen Energy III recorded the highest oil and gas production in March 2020, Oklahoma figured at the top, accounting for a 100% share. The company produced 24,338.23 boe/d in the state in March 2020, a decrease of 4.4% from the previous month.

On a YTD basis, the company produced 73,287.07 boe/d in Oklahoma in 2020, recording an increase of 14.4% from the same period in 2019.



Citizen Energy III witnessed the highest oil and gas production in Canadian county in March 2020. Out of all the counties, Canadian county held a share of 48.9% for the firm. The company produced 11,901.66 boe/d in Canadian county in March 2020, an increase of 6.06% in production when compared with the previous month.

On a YTD basis, the county produced 31,360.79 boe/d for the company in 2020, a 55.39% 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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