Coterra Energy records 2.13% increase in production in July 2020

Coterra Energy recorded an increase of 2.13% in total oil and gas production to 7,64,646.56 boe/d in July 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Coterra Energy declined 2.49% in July 2020 from 7,84,142.61 boe/d in July 2019.

On a YTD basis, the company’s total oil and gas production increased by 0.75% from the same period in 2019.

The company’s oil production declined 11.65% to 46,381.71 bd in July 2020 from the previous month, while gas production up by 4.54% to 3,809.67 mmcf/d. On a YTD basis, oil production decreased by 9.03% in 2020 when compared with the same period in 2019, while gas production rose by 1.52%. Out of the total oil and gas production in July 2020, oil production held a 6.07% share, while gas production held an 85.9% share.

Looking at the states where Coterra Energy recorded the highest oil and gas production in July 2020, Pennsylvania figured at the top, accounting for a 0.01% share. The company produced 4,94,337.88 boe/d in the state in July 2020, an increase of 8.57% from the previous month.

On a YTD basis, the company produced 33,26,742.54 boe/d in Pennsylvania in 2020, recording a decrease of 37.8% from the same period in 2019.

Coterra Energy witnessed the highest oil and gas production in Susquehanna county in July 2020. Out of all the counties, Susquehanna county held a share of 64.63% for the firm. The company produced 4,94,157.7 boe/d in Susquehanna county in July 2020, an increase of 8.58% in production when compared with the previous month.

On a YTD basis, the county produced 33,25,373.88 boe/d for the company in 2020, a 0.96% increase 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.