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July 18, 2022

Eagle Operating records 26.08% decrease in production in March 2020

By Carmen

Eagle Operating recorded a decrease of 26.08% in total oil and gas production to 375.45 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Eagle Operating declined 3.78% in March 2020 from 390.19 boe/d in March 2019.

On a YTD basis, the company’s total oil and gas production decreased by 11.96% from the same period in 2019.

The company’s oil production declined 27.99% to 327.68 bd in March 2020 from the previous month, while gas production declined by 9.68% to 0.28 mmcf/d. On a YTD basis, oil production decreased by 12.12% in 2020 when compared with the same period in 2019, while gas production declined by 10.84%. Out of the total oil and gas production in March 2020, oil production held an 87.28% share, while gas production held a 12.86% share.


Looking at the states where Eagle Operating recorded the highest oil and gas production in March 2020, North Dakota figured at the top, accounting for a 100% share. The company produced 371.36 boe/d in the state in March 2020, a decrease of 26.31% from the previous month.

On a YTD basis, the company produced 1,154.09 boe/d in North Dakota in 2020, recording a decrease of 12.9% from the same period in 2019.



Eagle Operating witnessed the highest oil and gas production in Mckenzie county in March 2020. Out of all the counties, Mckenzie county held a share of 60.01% for the firm. The company produced 225.29 boe/d in Mckenzie county in March 2020, an increase of 17.23% in production when compared with the previous month.

On a YTD basis, the county produced 564.4 boe/d for the company in 2020, an 8.52% 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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