Fossil Petroleum recorded a decrease of 27.12% in total oil and gas production to 156.45 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Fossil Petroleum declined 47.35% in May 2020 from 297.15 boe/d in May 2019.
On a YTD basis, the company’s total oil and gas production decreased by 28.39% from the same period in 2019.
The company’s oil production declined 30.94% to 58.94 bd in May 2020 from the previous month, while gas production declined by 24.32% to 0.56 mmcf/d. On a YTD basis, oil production decreased by 28.61% in 2020 when compared with the same period in 2019, while gas production declined by 28.71%. Out of the total oil and gas production in May 2020, oil production held a 37.67% share, while gas production held a 61.71% share.
Looking at the states where Fossil Petroleum recorded the highest oil and gas production in May 2020, Texas figured at the top, accounting for a 100% share. The company produced 156.45 boe/d in the state in May 2020, a decrease of 27.12% from the previous month.
On a YTD basis, the company produced 1,114.1 boe/d in Texas in 2020, recording a decrease of 28.39% from the same period in 2019.
Fossil Petroleum witnessed the highest oil and gas production in Irion county in May 2020. Out of all the counties, Irion county held a share of 89.56% for the firm. The company produced 140.12 boe/d in Irion county in May 2020, a decrease of 16.71% in production when compared with the previous month.
On a YTD basis, the county produced 889.81 boe/d for the company in 2020, a 20.75% decrease from the same period in 2019.
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.