Cornerstone Natural Resources recorded a decrease of 32.45% in total oil and gas production to 352.83 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Cornerstone Natural Resources declined 36.4% in March 2020 from 554.8 boe/d in March 2019.
On a YTD basis, the company’s total oil and gas production decreased by 15.01% from the same period in 2019.
The company’s oil production declined 30.46% to 281.52 bd in March 2020 from the previous month, while gas production declined by 39.71% to 0.41 mmcf/d. On a YTD basis, oil production decreased by 15.6% in 2020 when compared with the same period in 2019, while gas production declined by 13.24%. Out of the total oil and gas production in March 2020, oil production held a 79.79% share, while gas production held a 20.04% share.
Looking at the states where Cornerstone Natural Resources recorded the highest oil and gas production in March 2020, North Dakota figured at the top, accounting for a 100% share. The company produced 352.83 boe/d in the state in March 2020, a decrease of 32.45% from the previous month.
On a YTD basis, the company produced 1,392.9 boe/d in North Dakota in 2020, recording a decrease of 15.01% from the same period in 2019.
Cornerstone Natural Resources witnessed the highest oil and gas production in Burke county in March 2020. Out of all the counties, Burke county held a share of 100% for the firm. The company produced 352.83 boe/d in Burke county in March 2020, a decrease of 32.45% in production when compared with the previous month.
On a YTD basis, the county produced 1,392.9 boe/d for the company in 2020, a 15.01% 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.