E&B Natural Resources Management records 2% decrease in production in July 2020

E&B Natural Resources Management recorded a decrease of 2% in total oil and gas production to 14,820.21 boe/d in July 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of E&B Natural Resources Management declined 17.29% in July 2020 from 17,917.25 boe/d in July 2019.

On a YTD basis, the company’s total oil and gas production decreased by 11.2% from the same period in 2019.

The company’s oil production declined 1.69% to 14,222.65 bd in July 2020 from the previous month, while gas production declined by 8.92% to 3.47 mmcf/d. On a YTD basis, oil production decreased by 11.3% in 2020 when compared with the same period in 2019, while gas production declined by 8.98%. Out of the total oil and gas production in July 2020, oil production held a 95.97% share, while gas production held a 4.04% share.

Looking at the states where E&B Natural Resources Management recorded the highest oil and gas production in July 2020, California figured at the top, accounting for a 6.71% share. The company produced 13,595.92 boe/d in the state in July 2020, a decrease of 0.97% from the previous month.

On a YTD basis, the company produced 1,03,177.03 boe/d in California in 2020, recording a decrease of 17.9% from the same period in 2019.

E&B Natural Resources Management witnessed the highest oil and gas production in Kern county in July 2020. Out of all the counties, Kern county held a share of 76.16% for the firm. The company produced 11,286.72 boe/d in Kern county in July 2020, a decrease of 0.67% in production when compared with the previous month.

On a YTD basis, the county produced 85,577.5 boe/d for the company in 2020, a 10.61% 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.