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September 16, 2022

Maverick Natural Resources records 27.25% decrease in production in May 2020

By Carmen

Maverick Natural Resources recorded a decrease of 27.25% in total oil and gas production to 39,054.52 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Maverick Natural Resources declined 36.89% in May 2020 from 61,886.83 boe/d in May 2019.

On a YTD basis, the company’s total oil and gas production decreased by 17.33% from the same period in 2019.

The company’s oil production declined 28.34% to 16,514.32 bd in May 2020 from the previous month, while gas production declined by 26.66% to 125.94 mmcf/d. On a YTD basis, oil production decreased by 14.23% in 2020 when compared with the same period in 2019, while gas production declined by 19.8%. Out of the total oil and gas production in May 2020, oil production held a 42.29% share, while gas production held a 55.6% share.


Looking at the states where Maverick Natural Resources recorded the highest oil and gas production in May 2020, Oklahoma figured at the top, accounting for a 19.87% share. The company produced 20,390.57 boe/d in the state in May 2020, a decrease of 14.97% from the previous month.

On a YTD basis, the company produced 1,12,796.76 boe/d in Oklahoma in 2020, recording a decrease of 65.01% from the same period in 2019.



Maverick Natural Resources witnessed the highest oil and gas production in Ellis county in May 2020. Out of all the counties, Ellis county held a share of 18.99% for the firm. The company produced 7,417.63 boe/d in Ellis county in May 2020, a decrease of 27.92% in production when compared with the previous month.

On a YTD basis, the county produced 49,723.82 boe/d for the company in 2020, a 4.42% 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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