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  1. Market Data
September 16, 2022

Gordy Oil records 88.99% decrease in production in May 2020

By Carmen

Gordy Oil recorded a decrease of 88.99% in total oil and gas production to 534.76 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Gordy Oil declined 78.63% in May 2020 from 2,502.61 boe/d in May 2019.

On a YTD basis, the company’s total oil and gas production increased by 56.42% from the same period in 2019.

The company’s oil production declined 91.36% to 332.71 bd in May 2020 from the previous month, while gas production declined by 79.93% to 1.17 mmcf/d. On a YTD basis, oil production increased by 61.75% in 2020 when compared with the same period in 2019, while gas production rose by 37.28%. Out of the total oil and gas production in May 2020, oil production held a 62.22% share, while gas production held a 37.72% share.


Looking at the states where Gordy Oil recorded the highest oil and gas production in May 2020, Texas figured at the top, accounting for a 100% share. The company produced 393.84 boe/d in the state in May 2020, a decrease of 91.68% from the previous month.

On a YTD basis, the company produced 16,099.63 boe/d in Texas in 2020, recording an increase of 49.5% from the same period in 2019.



Gordy Oil witnessed the highest oil and gas production in Pecos county in May 2020. Out of all the counties, Pecos county held a share of 68.17% for the firm. The company produced 364.55 boe/d in Pecos county in May 2020, a decrease of 92.21% in production when compared with the previous month.

On a YTD basis, the county produced 15,902.38 boe/d for the company in 2020, a 71.09% 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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