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  1. Market Data
July 18, 2022

Gordy Oil records 57.8% increase in production in March 2020

By Carmen

Gordy Oil recorded an increase of 57.8% in total oil and gas production to 4,747.64 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Gordy Oil grew 164.55% in March 2020 from 1,794.61 boe/d in March 2019.

On a YTD basis, the company’s total oil and gas production increased by 95.14% from the same period in 2019.

The company’s oil production grew 60.68% to 4,057.84 bd in March 2020 from the previous month, while gas production up by 42.86% to 4 mmcf/d. On a YTD basis, oil production increased by 96.84% in 2020 when compared with the same period in 2019, while gas production rose by 85.85%. Out of the total oil and gas production in March 2020, oil production held an 85.47% share, while gas production held a 14.53% share.


Looking at the states where Gordy Oil recorded the highest oil and gas production in March 2020, Texas figured at the top, accounting for a 100% share. The company produced 4,747.64 boe/d in the state in March 2020, an increase of 57.8% from the previous month.

On a YTD basis, the company produced 10,971.73 boe/d in Texas in 2020, recording an increase of 95.14% from the same period in 2019.



Gordy 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 98.96% for the firm. The company produced 4,698.32 boe/d in Pecos county in March 2020, an increase of 58.97% in production when compared with the previous month.

On a YTD basis, the county produced 10,858.18 boe/d for the company in 2020, a 99.23% 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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