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August 18, 2022

Clear Fork records 40.95% decrease in production in April 2020

By Carmen

Clear Fork recorded a decrease of 40.95% in total oil and gas production to 4,293.89 boe/d in April 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Clear Fork grew 207.47% in April 2020 from 1,396.53 boe/d in April 2019.

On a YTD basis, the company’s total oil and gas production increased by 247.89% from the same period in 2019.

The company’s oil production declined 40.57% to 3,641.59 bd in April 2020 from the previous month, while gas production declined by 42.99% to 3.78 mmcf/d. On a YTD basis, oil production increased by 242.6% in 2020 when compared with the same period in 2019, while gas production rose by 285.27%. Out of the total oil and gas production in April 2020, oil production held an 84.81% share, while gas production held a 15.18% share.


Looking at the states where Clear Fork recorded the highest oil and gas production in April 2020, Texas figured at the top, accounting for a 100% share. The company produced 4,293.89 boe/d in the state in April 2020, a decrease of 40.95% from the previous month.

On a YTD basis, the company produced 21,758.08 boe/d in Texas in 2020, recording an increase of 247.89% from the same period in 2019.



Clear Fork witnessed the highest oil and gas production in Scurry county in April 2020. Out of all the counties, Scurry county held a share of 59.75% for the firm. The company produced 2,565.75 boe/d in Scurry county in April 2020, a decrease of 38.34% in production when compared with the previous month.

On a YTD basis, the county produced 12,687.33 boe/d for the company in 2020, a 533.6% 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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