Crescent Pass Energy recorded a decrease of 6.14% in total oil and gas production to 14,190.98 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Crescent Pass Energy declined 14.09% in March 2020 from 16,518.81 boe/d in March 2019.

On a YTD basis, the company’s total oil and gas production decreased by 14.77% from the same period in 2019.

The company’s oil production declined 10.83% to 2,576.03 bd in March 2020 from the previous month, while gas production declined by 5.11% to 66.71 mmcf/d. On a YTD basis, oil production decreased by 25.15% in 2020 when compared with the same period in 2019, while gas production declined by 12%. Out of the total oil and gas production in March 2020, oil production held an 18.15% share, while gas production held an 81.05% share.


Looking at the states where Crescent Pass Energy recorded the highest oil and gas production in March 2020, Texas figured at the top, accounting for a 100% share. The company produced 14,190.98 boe/d in the state in March 2020, a decrease of 6.14% from the previous month.

On a YTD basis, the company produced 43,737.82 boe/d in Texas in 2020, recording a decrease of 14.77% from the same period in 2019.



Crescent Pass Energy witnessed the highest oil and gas production in Freestone county in March 2020. Out of all the counties, Freestone county held a share of 35.83% for the firm. The company produced 5,084.94 boe/d in Freestone county in March 2020, a decrease of 4.5% in production when compared with the previous month.

On a YTD basis, the county produced 15,611.81 boe/d for the company in 2020, an 8.33% 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.