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August 18, 2022

Duncan Oil Properties records 16.96% decrease in production in April 2020

By Carmen

Duncan Oil Properties recorded a decrease of 16.96% in total oil and gas production to 1,129.93 boe/d in April 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Duncan Oil Properties declined 19.22% in April 2020 from 1,398.84 boe/d in April 2019.

On a YTD basis, the company’s total oil and gas production decreased by 6.03% from the same period in 2019.

The company’s oil production declined 24.16% to 579.47 bd in April 2020 from the previous month, while gas production declined by 7.8% to 3.19 mmcf/d. On a YTD basis, oil production decreased by 4.53% in 2020 when compared with the same period in 2019, while gas production declined by 8.11%. Out of the total oil and gas production in April 2020, oil production held a 51.28% share, while gas production held a 48.67% share.


Looking at the states where Duncan Oil Properties recorded the highest oil and gas production in April 2020, Oklahoma figured at the top, accounting for a 69.56% share. The company produced 666.4 boe/d in the state in April 2020, a decrease of 20.21% from the previous month.

On a YTD basis, the company produced 3,721.3 boe/d in Oklahoma in 2020, recording a decrease of 40.62% from the same period in 2019.



Duncan Oil Properties witnessed the highest oil and gas production in Lipscomb county in April 2020. Out of all the counties, Lipscomb county held a share of 39.86% for the firm. The company produced 450.39 boe/d in Lipscomb county in April 2020, a decrease of 11.96% in production when compared with the previous month.

On a YTD basis, the county produced 2,114.17 boe/d for the company in 2020, a 12.78% 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.

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