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August 19, 2022

J. R. Pounds, records 7.69% increase in production in April 2020

By Carmen

J. R. Pounds, recorded an increase of 7.69% in total oil and gas production to 217.74 boe/d in April 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of J. R. Pounds, declined 4.17% in April 2020 from 227.21 boe/d in April 2019.

On a YTD basis, the company’s total oil and gas production decreased by 13.86% from the same period in 2019.

The company’s oil production grew 9.4% to 174.73 bd in April 2020 from the previous month, while gas production stood at 0.25 mmcf/d. On a YTD basis, oil production decreased by 19.17% in 2020 when compared with the same period in 2019, while gas production rose by 21.25%. Out of the total oil and gas production in April 2020, oil production held an 80.25% share, while gas production held a 19.79% share.


Looking at the states where J. R. Pounds, recorded the highest oil and gas production in April 2020, Mississippi figured at the top, accounting for a 100% share. The company produced 189.27 boe/d in the state in April 2020, an increase of 8.04% from the previous month.

On a YTD basis, the company produced 772.99 boe/d in Mississippi in 2020, recording a decrease of 24.41% from the same period in 2019.



J. R. Pounds, witnessed the highest oil and gas production in Jones county in April 2020. Out of all the counties, Jones county held a share of 37.46% for the firm. The company produced 81.57 boe/d in Jones county in April 2020, an increase of 35.36% in production when compared with the previous month.

On a YTD basis, the county produced 320.48 boe/d for the company in 2020, a 22.58% 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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