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September 16, 2022

J. R. Pounds, records 38.66% decrease in production in May 2020

By Carmen

J. R. Pounds, recorded a decrease of 38.66% in total oil and gas production to 133.56 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of J. R. Pounds, declined 43.37% in May 2020 from 235.84 boe/d in May 2019.

On a YTD basis, the company’s total oil and gas production decreased by 19.39% from the same period in 2019.

The company’s oil production declined 26.74% to 128 bd in May 2020 from the previous month, while gas production declined by 88% to 0.03 mmcf/d. On a YTD basis, oil production decreased by 21.58% in 2020 when compared with the same period in 2019, while gas production declined by 6.54%. Out of the total oil and gas production in May 2020, oil production held a 95.84% share, while gas production held a 3.87% share.


Looking at the states where J. R. Pounds, recorded the highest oil and gas production in May 2020, Mississippi figured at the top, accounting for a 100% share. The company produced 115.56 boe/d in the state in May 2020, a decrease of 38.94% from the previous month.

On a YTD basis, the company produced 888.56 boe/d in Mississippi in 2020, recording a decrease of 29.39% from the same period in 2019.



J. R. Pounds, witnessed the highest oil and gas production in Jones county in May 2020. Out of all the counties, Jones county held a share of 36.71% for the firm. The company produced 49.03 boe/d in Jones county in May 2020, a decrease of 39.89% in production when compared with the previous month.

On a YTD basis, the county produced 369.51 boe/d for the company in 2020, a 26.08% 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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