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July 18, 2022

Marwell Petroleum records 11.03% decrease in production in March 2020

By Carmen

Marwell Petroleum recorded a decrease of 11.03% in total oil and gas production to 202.92 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Marwell Petroleum declined 6.69% in March 2020 from 217.48 boe/d in March 2019.

On a YTD basis, the company’s total oil and gas production decreased by 4.22% from the same period in 2019.

The company’s oil production declined 6.21% to 22.94 bd in March 2020 from the previous month, while gas production declined by 11.82% to 0.97 mmcf/d. On a YTD basis, oil production increased by 4.86% in 2020 when compared with the same period in 2019, while gas production declined by 3.87%. Out of the total oil and gas production in March 2020, oil production held an 11.3% share, while gas production held an 82.42% share.


Looking at the states where Marwell Petroleum recorded the highest oil and gas production in March 2020, Texas figured at the top, accounting for a 100% share. The company produced 202.92 boe/d in the state in March 2020, a decrease of 11.03% from the previous month.

On a YTD basis, the company produced 627.44 boe/d in Texas in 2020, recording a decrease of 4.22% from the same period in 2019.



Marwell Petroleum witnessed the highest oil and gas production in DeWitt county in March 2020. Out of all the counties, DeWitt county held a share of 20.27% for the firm. The company produced 41.13 boe/d in DeWitt county in March 2020, an increase of 3.73% in production when compared with the previous month.

On a YTD basis, the county produced 108.81 boe/d for the company in 2020, a 7.88% 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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