Continental Resources recorded a decrease of 49.05% in total oil and gas production to 2,12,855.23 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Continental Resources declined 57.2% in May 2020 from 4,97,311.23 boe/d in May 2019.
On a YTD basis, the company’s total oil and gas production decreased by 11.07% from the same period in 2019.
The company’s oil production declined 54.97% to 1,23,666.4 bd in May 2020 from the previous month, while gas production declined by 37.69% to 517.23 mmcf/d. On a YTD basis, oil production decreased by 10.92% in 2020 when compared with the same period in 2019, while gas production declined by 11.35%. Out of the total oil and gas production in May 2020, oil production held a 58.1% share, while gas production held a 41.89% share.
Looking at the states where Continental Resources recorded the highest oil and gas production in May 2020, North Dakota figured at the top, accounting for a 6.93% share. The company produced 1,09,492.4 boe/d in the state in May 2020, a decrease of 50.91% from the previous month.
On a YTD basis, the company produced 11,92,784.92 boe/d in North Dakota in 2020, recording a decrease of 51.57% from the same period in 2019.
Continental Resources witnessed the highest oil and gas production in Mckenzie county in May 2020. Out of all the counties, Mckenzie county held a share of 16.54% for the firm. The company produced 35,204.41 boe/d in Mckenzie county in May 2020, a decrease of 64.1% in production when compared with the previous month.
On a YTD basis, the county produced 5,16,321.97 boe/d for the company in 2020, a 7.99% decrease 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.