Hughes Eastern recorded a decrease of 11.54% in total oil and gas production to 317.06 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Hughes Eastern declined 19.16% in May 2020 from 392.22 boe/d in May 2019.
On a YTD basis, the company’s total oil and gas production decreased by 8.56% from the same period in 2019.
The company’s oil production declined 16.72% to 205.68 bd in May 2020 from the previous month, while gas production stood at 0.65 mmcf/d. On a YTD basis, oil production increased by 2.74% in 2020 when compared with the same period in 2019, while gas production declined by 25.31%. Out of the total oil and gas production in May 2020, oil production held a 64.87% share, while gas production held a 35.35% share.
Looking at the states where Hughes Eastern recorded the highest oil and gas production in May 2020, Alabama figured at the top, accounting for a 37.58% share. The company produced 193.81 boe/d in the state in May 2020, a decrease of 15.65% from the previous month.
On a YTD basis, the company produced 1,243.36 boe/d in Alabama in 2020, recording a decrease of 39.5% from the same period in 2019.
Hughes Eastern witnessed the highest oil and gas production in Fayette county in May 2020. Out of all the counties, Fayette county held a share of 30.32% for the firm. The company produced 96.13 boe/d in Fayette county in May 2020, a decrease of 33.06% in production when compared with the previous month.
On a YTD basis, the county produced 697.58 boe/d for the company in 2020, a 17.53% increase from the same period in 2019.
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.