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September 16, 2022

KGH Operating records 15.6% decrease in production in May 2020

By Carmen

KGH Operating recorded a decrease of 15.6% in total oil and gas production to 458.05 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of KGH Operating declined 14.84% in May 2020 from 537.88 boe/d in May 2019.

On a YTD basis, the company’s total oil and gas production increased by 8.05% from the same period in 2019.

The company’s oil production declined 20.25% to 55.93 bd in May 2020 from the previous month, while gas production declined by 14.96% to 2.33 mmcf/d. On a YTD basis, oil production decreased by 20.09% in 2020 when compared with the same period in 2019, while gas production rose by 16.3%. Out of the total oil and gas production in May 2020, oil production held a 12.21% share, while gas production held an 87.7% share.


Looking at the states where KGH Operating recorded the highest oil and gas production in May 2020, Colorado figured at the top. The company produced 445.05 boe/d in the state in May 2020, a decrease of 15.87% from the previous month.

On a YTD basis, the company produced 2,333.15 boe/d in Colorado in 2020, recording a decrease of 3.63% from the same period in 2019.



KGH Operating witnessed the highest oil and gas production in Rio Blanco county in May 2020. Out of all the counties, Rio Blanco county held a share of 97.16% for the firm. The company produced 445.05 boe/d in Rio Blanco county in May 2020, a decrease of 15.87% in production when compared with the previous month.

On a YTD basis, the county produced 2,333.15 boe/d for the company in 2020, an 18.02% 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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