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  1. Market Data
July 18, 2022

Hillcrest Beverly Oil records 2.04% increase in production in March 2020

By Carmen

Hillcrest Beverly Oil recorded an increase of 2.04% in total oil and gas production to 226.59 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Hillcrest Beverly Oil declined 14.18% in March 2020 from 264.03 boe/d in March 2019.

On a YTD basis, the company’s total oil and gas production decreased by 15.31% from the same period in 2019.

The company’s oil production grew 2.72% to 201.48 bd in March 2020 from the previous month, while gas production stood at 0.15 mmcf/d. On a YTD basis, oil production decreased by 16.03% in 2020 when compared with the same period in 2019, while gas production declined by 8%. Out of the total oil and gas production in March 2020, oil production held an 88.92% share, while gas production held an 11.41% share.


Looking at the states where Hillcrest Beverly Oil recorded the highest oil and gas production in March 2020, California figured at the top, accounting for a 100% share. The company produced 226.59 boe/d in the state in March 2020, an increase of 2.04% from the previous month.

On a YTD basis, the company produced 649.16 boe/d in California in 2020, recording a decrease of 15.31% from the same period in 2019.



Hillcrest Beverly Oil witnessed the highest oil and gas production in Los Angeles county in March 2020. Out of all the counties, Los Angeles county held a share of 100% for the firm. The company produced 226.59 boe/d in Los Angeles county in March 2020, an increase of 2.04% in production when compared with the previous month.

On a YTD basis, the county produced 649.16 boe/d for the company in 2020, a 15.31% decrease 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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