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August 18, 2022

CML Exploration records 12.01% decrease in production in April 2020

By Carmen

CML Exploration recorded a decrease of 12.01% in total oil and gas production to 5,876.47 boe/d in April 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of CML Exploration declined 26.19% in April 2020 from 7,961.26 boe/d in April 2019.

On a YTD basis, the company’s total oil and gas production decreased by 13.73% from the same period in 2019.

The company’s oil production declined 15.2% to 3,899.39 bd in April 2020 from the previous month, while gas production declined by 5.26% to 11.35 mmcf/d. On a YTD basis, oil production decreased by 12.83% in 2020 when compared with the same period in 2019, while gas production declined by 15.66%. Out of the total oil and gas production in April 2020, oil production held a 66.36% share, while gas production held a 33.3% share.


Looking at the states where CML Exploration recorded the highest oil and gas production in April 2020, Texas figured at the top, accounting for a 100% share. The company produced 5,510.82 boe/d in the state in April 2020, a decrease of 11.97% from the previous month.

On a YTD basis, the company produced 25,608.95 boe/d in Texas in 2020, recording a decrease of 18.9% from the same period in 2019.



CML Exploration witnessed the highest oil and gas production in Zavala county in April 2020. Out of all the counties, Zavala county held a share of 44.61% for the firm. The company produced 2,621.5 boe/d in Zavala county in April 2020, a decrease of 16.64% in production when compared with the previous month.

On a YTD basis, the county produced 12,429.99 boe/d for the company in 2020, a 31.35% 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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