Gulf Exploration recorded a decrease of 8.96% in total oil and gas production to 607.89 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Gulf Exploration grew 24.93% in March 2020 from 486.6 boe/d in March 2019.

On a YTD basis, the company’s total oil and gas production increased by 35.58% from the same period in 2019.

The company’s oil production declined 6.33% to 295.77 bd in March 2020 from the previous month, while gas production declined by 11.27% to 1.81 mmcf/d. On a YTD basis, oil production increased by 17.63% in 2020 when compared with the same period in 2019, while gas production rose by 56.75%. Out of the total oil and gas production in March 2020, oil production held a 48.66% share, while gas production held a 51.33% share.


Looking at the states where Gulf Exploration recorded the highest oil and gas production in March 2020, Oklahoma figured at the top, accounting for a 0.31% share. The company produced 506.63 boe/d in the state in March 2020, a decrease of 10.48% from the previous month.

On a YTD basis, the company produced 1,566.33 boe/d in Oklahoma in 2020, recording an increase of 14.58% from the same period in 2019.



Gulf Exploration witnessed the highest oil and gas production in Oklahoma county in March 2020. Out of all the counties, Oklahoma county held a share of 23.85% for the firm. The company produced 144.96 boe/d in Oklahoma county in March 2020, a decrease of 9.32% in production when compared with the previous month.

On a YTD basis, the county produced 471.14 boe/d for the company in 2020, a 259.46% 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.