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August 18, 2022

Montana oil and gas production activity declined by 11.16% in April 2020

By Carmen

Montana witnessed a decrease of 11.16% in total oil and gas production to 1,00,935.61 boe/d in April 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production declined 14.87% in April 2020 from 1,18,562.37 boe/d in April 2019. On a YTD basis, the total oil and gas production in 2020 increased by 1.45% from the same period in 2019.

In April 2020, oil production declined 15.43% to 52,420.63 bd as against the previous month, while gas production declined by 6.04% to 281.39 mmcf/d.

On a YTD basis, oil production decreased by 4.55% in 2020 when compared with the same period in 2019, while gas production rose by 9.4%. Out of the total oil and gas production in April 2020, oil held a 51.93% share, while gas had a 48.06% share.


In Montana, Denbury emerged as the largest oil and gas producer, recording a total oil and gas production at 45,022.68 boe/d in April 2020, a decrease of 3.64% from the previous month. The company held a 31.13% share in oil production and 59.16% share in gas production in April 2020.

On a YTD basis, the company registered a 10.36% increase in total oil and gas production from the same period in 2019.



Compared with other counties in Montana, Powder River county recorded the highest oil and gas production, holding a 34.8% share in April 2020. The county witnessed a 2.98% decrease in production to 35,121.04 boe/d in April 2020 when compared with the previous month.

On a YTD basis, Powder River registered an increase of 18.92% in total production 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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