Contango Oil & Gas recorded a decrease of 16.55% in total oil and gas production to 58,799.99 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Contango Oil & Gas declined 22.34% in May 2020 from 75,714.72 boe/d in May 2019.
On a YTD basis, the company’s total oil and gas production decreased by 10.2% from the same period in 2019.
The company’s oil production declined 24.24% to 32,200.42 bd in May 2020 from the previous month, while gas production declined by 4.88% to 154.22 mmcf/d. On a YTD basis, oil production decreased by 15.74% in 2020 when compared with the same period in 2019, while gas production declined by 0.11%. Out of the total oil and gas production in May 2020, oil production held a 54.76% share, while gas production held a 45.22% share.
Looking at the states where Contango Oil & Gas recorded the highest oil and gas production in May 2020, Wyoming figured at the top, accounting for a 100% share. The company produced 27,068.4 boe/d in the state in May 2020, a decrease of 15.58% from the previous month.
On a YTD basis, the company produced 1,69,220.78 boe/d in Wyoming in 2020, recording a decrease of 59.06% from the same period in 2019.
Contango Oil & Gas witnessed the highest oil and gas production in Fremont county in May 2020. Out of all the counties, Fremont county held a share of 25.49% for the firm. The company produced 14,988.53 boe/d in Fremont county in May 2020, an increase of 2.86% in production when compared with the previous month.
On a YTD basis, the county produced 74,770.58 boe/d for the company in 2020, a 26.58% 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.