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September 15, 2022

CML Exploration records 13.3% decrease in production in May 2020

By Carmen

CML Exploration recorded a decrease of 13.3% in total oil and gas production to 5,095.19 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of CML Exploration declined 33.82% in May 2020 from 7,699.23 boe/d in May 2019.

On a YTD basis, the company’s total oil and gas production decreased by 17.67% from the same period in 2019.

The company’s oil production declined 10.35% to 3,495.94 bd in May 2020 from the previous month, while gas production declined by 18.85% to 9.21 mmcf/d. On a YTD basis, oil production decreased by 16.76% in 2020 when compared with the same period in 2019, while gas production declined by 19.55%. Out of the total oil and gas production in May 2020, oil production held a 68.61% share, while gas production held a 31.16% share.


Looking at the states where CML Exploration recorded the highest oil and gas production in May 2020, Texas figured at the top, accounting for a 100% share. The company produced 4,706.22 boe/d in the state in May 2020, a decrease of 14.6% from the previous month.

On a YTD basis, the company produced 30,315.16 boe/d in Texas in 2020, recording a decrease of 22.81% from the same period in 2019.



CML Exploration witnessed the highest oil and gas production in Zavala county in May 2020. Out of all the counties, Zavala county held a share of 39.56% for the firm. The company produced 2,015.49 boe/d in Zavala county in May 2020, a decrease of 23.12% in production when compared with the previous month.

On a YTD basis, the county produced 14,445.48 boe/d for the company in 2020, a 35.62% 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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