Kingwood Exploration recorded a decrease of 20.07% in total oil and gas production to 161.73 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Kingwood Exploration declined 38.75% in May 2020 from 264.07 boe/d in May 2019.
On a YTD basis, the company’s total oil and gas production increased by 13.42% from the same period in 2019.
The company’s oil production declined 20.21% to 159.95 bd in May 2020 from the previous month, while gas production stood at 0.01 mmcf/d. On a YTD basis, oil production increased by 11.85% in 2020 when compared with the same period in 2019, while gas production. Out of the total oil and gas production in May 2020, oil production held a 98.9% share, while gas production held a 1.06% share.
Looking at the states where Kingwood Exploration recorded the highest oil and gas production in May 2020, Texas figured at the top, accounting for a 100% share. The company produced 161.73 boe/d in the state in May 2020, a decrease of 20.07% from the previous month.
On a YTD basis, the company produced 1,128.02 boe/d in Texas in 2020, recording an increase of 13.42% from the same period in 2019.
Kingwood Exploration witnessed the highest oil and gas production in Liberty county in May 2020. Out of all the counties, Liberty county held a share of 61.05% for the firm. The company produced 98.74 boe/d in Liberty county in May 2020, a decrease of 3.64% in production when compared with the previous month.
On a YTD basis, the county produced 615.52 boe/d for the company in 2020, a 17.59% decrease 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.