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July 18, 2022

Harleton Oil & Gas records 7.79% decrease in production in March 2020

By Carmen

Harleton Oil & Gas recorded a decrease of 7.79% in total oil and gas production to 754.89 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Harleton Oil & Gas declined 11.1% in March 2020 from 849.1 boe/d in March 2019.

On a YTD basis, the company’s total oil and gas production increased by 0.25% from the same period in 2019.

The company’s oil production declined 25.4% to 62.26 bd in March 2020 from the previous month, while gas production declined by 5.52% to 3.94 mmcf/d. On a YTD basis, oil production decreased by 18.97% in 2020 when compared with the same period in 2019, while gas production rose by 3.27%. Out of the total oil and gas production in March 2020, oil production held an 8.25% share, while gas production held an 89.99% share.


Looking at the states where Harleton Oil & Gas recorded the highest oil and gas production in March 2020, Texas figured at the top, accounting for a 100% share. The company produced 754.89 boe/d in the state in March 2020, a decrease of 7.79% from the previous month.

On a YTD basis, the company produced 2,454.12 boe/d in Texas in 2020, recording an increase of 0.25% from the same period in 2019.



Harleton Oil & Gas witnessed the highest oil and gas production in Panola county in March 2020. Out of all the counties, Panola county held a share of 78.51% for the firm. The company produced 592.64 boe/d in Panola county in March 2020, a decrease of 7.09% in production when compared with the previous month.

On a YTD basis, the county produced 1,919.62 boe/d for the company in 2020, a 2.19% 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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