Citizen Energy III recorded a decrease of 11.72% in total oil and gas production to 23,709.87 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Citizen Energy III declined 20.77% in May 2020 from 29,925.67 boe/d in May 2019.
On a YTD basis, the company’s total oil and gas production decreased by 0.71% from the same period in 2019.
The company’s oil production declined 12.23% to 19,325.35 bd in May 2020 from the previous month, while gas production declined by 9.37% to 25.43 mmcf/d. On a YTD basis, oil production decreased by 13.5% in 2020 when compared with the same period in 2019, while gas production rose by 273.18%. Out of the total oil and gas production in May 2020, oil production held an 81.51% share, while gas production held an 18.49% share.
Looking at the states where Citizen Energy III recorded the highest oil and gas production in May 2020, Oklahoma figured at the top, accounting for a 100% share. The company produced 23,709.87 boe/d in the state in May 2020, a decrease of 11.72% from the previous month.
On a YTD basis, the company produced 1,39,551.49 boe/d in Oklahoma in 2020, recording a decrease of 0.71% from the same period in 2019.
Citizen Energy III witnessed the highest oil and gas production in Canadian county in May 2020. Out of all the counties, Canadian county held a share of 42.94% for the firm. The company produced 10,181.1 boe/d in Canadian county in May 2020, a decrease of 19.05% in production when compared with the previous month.
On a YTD basis, the county produced 62,870.71 boe/d for the company in 2020, a 40.64% increase from the same period in 2019.
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.