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August 18, 2022

Getty Oil records 14.03% increase in production in April 2020

By Carmen

Getty Oil recorded an increase of 14.03% in total oil and gas production to 516.87 boe/d in April 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Getty Oil grew 10.18% in April 2020 from 469.1 boe/d in April 2019.

On a YTD basis, the company’s total oil and gas production decreased by 1.47% from the same period in 2019.

The company’s oil production declined 3.66% to 295.89 bd in April 2020 from the previous month, while gas production up by 53.01% to 1.27 mmcf/d. On a YTD basis, oil production decreased by 0.91% in 2020 when compared with the same period in 2019, while gas production declined by 1.74%. Out of the total oil and gas production in April 2020, oil production held a 57.25% share, while gas production held a 42.36% share.


Looking at the states where Getty Oil recorded the highest oil and gas production in April 2020, Texas figured at the top, accounting for a 100% share. The company produced 516.87 boe/d in the state in April 2020, an increase of 14.14% from the previous month.

On a YTD basis, the company produced 2,034.75 boe/d in Texas in 2020, recording a decrease of 1.54% from the same period in 2019.



Getty Oil witnessed the highest oil and gas production in Pecos county in April 2020. Out of all the counties, Pecos county held a share of 41.39% for the firm. The company produced 213.92 boe/d in Pecos county in April 2020, an increase of 50.92% in production when compared with the previous month.

On a YTD basis, the county produced 764.31 boe/d for the company in 2020, a 0.3% 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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