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September 15, 2022

Dorado Drilling records 78.41% increase in production in May 2020

By Carmen

Dorado Drilling recorded an increase of 78.41% in total oil and gas production to 295.19 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Dorado Drilling declined 14.2% in May 2020 from 344.04 boe/d in May 2019.

On a YTD basis, the company’s total oil and gas production decreased by 23.67% from the same period in 2019.

The company’s oil production grew 39.21% to 19.35 bd in May 2020 from the previous month, while gas production up by 83.54% to 1.45 mmcf/d. On a YTD basis, oil production decreased by 35.26% in 2020 when compared with the same period in 2019, while gas production declined by 23.27%. Out of the total oil and gas production in May 2020, oil production held a 6.56% share, while gas production held an 84.69% share.


Looking at the states where Dorado Drilling recorded the highest oil and gas production in May 2020, Texas figured at the top, accounting for a 100% share. The company produced 295.19 boe/d in the state in May 2020, an increase of 78.41% from the previous month.

On a YTD basis, the company produced 1,356.93 boe/d in Texas in 2020, recording a decrease of 23.67% from the same period in 2019.



Dorado Drilling witnessed the highest oil and gas production in Mcmullen county in May 2020. Out of all the counties, Mcmullen county held a share of 84.92% for the firm. The company produced 250.67 boe/d in Mcmullen county in May 2020, an increase of 108.16% in production when compared with the previous month.

On a YTD basis, the county produced 1,130.53 boe/d for the company in 2020, a 23.77% 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.

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