Getty Oil recorded a decrease of 14.53% in total oil and gas production to 453.02 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Getty Oil declined 14% in March 2020 from 526.75 boe/d in March 2019.
On a YTD basis, the company’s total oil and gas production decreased by 4.91% from the same period in 2019.
The company’s oil production declined 5.07% to 306.93 bd in March 2020 from the previous month, while gas production declined by 29.66% to 0.83 mmcf/d. On a YTD basis, oil production increased by 1.55% in 2020 when compared with the same period in 2019, while gas production declined by 13.56%. Out of the total oil and gas production in March 2020, oil production held a 67.75% share, while gas production held a 31.59% share.
Looking at the states where Getty Oil recorded the highest oil and gas production in March 2020, Texas figured at the top, accounting for a 100% share. The company produced 452.58 boe/d in the state in March 2020, a decrease of 14.56% from the previous month.
On a YTD basis, the company produced 1,517.44 boe/d in Texas in 2020, recording a decrease of 4.99% from the same period in 2019.
Getty Oil witnessed the highest oil and gas production in Pecos county in March 2020. Out of all the counties, Pecos county held a share of 31.27% for the firm. The company produced 141.64 boe/d in Pecos county in March 2020, a decrease of 29.44% in production when compared with the previous month.
On a YTD basis, the county produced 550.11 boe/d for the company in 2020, a 12.29% 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.