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  1. Market Data
July 18, 2022

Marquee records 6.25% decrease in production in March 2020

By Carmen

Marquee recorded a decrease of 6.25% in total oil and gas production to 180.45 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Marquee declined 38.66% in March 2020 from 294.16 boe/d in March 2019.

On a YTD basis, the company’s total oil and gas production decreased by 52.35% from the same period in 2019.

The company’s oil production declined 64.52% to 2.97 bd in March 2020 from the previous month, while gas production declined by 4% to 0.96 mmcf/d. On a YTD basis, oil production decreased by 73.27% in 2020 when compared with the same period in 2019, while gas production declined by 50.99%. Out of the total oil and gas production in March 2020, oil production held a 1.65% share, while gas production held a 91.72% share.


Looking at the states where Marquee recorded the highest oil and gas production in March 2020, Texas figured at the top, accounting for a 100% share. The company produced 180.45 boe/d in the state in March 2020, a decrease of 6.25% from the previous month.

On a YTD basis, the company produced 567.68 boe/d in Texas in 2020, recording a decrease of 52.35% from the same period in 2019.



Marquee witnessed the highest oil and gas production in Jackson county in March 2020. Out of all the counties, Jackson county held a share of 97.42% for the firm. The company produced 175.79 boe/d in Jackson county in March 2020, a decrease of 4.5% in production when compared with the previous month.

On a YTD basis, the county produced 543.14 boe/d for the company in 2020, an 18.94% 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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