Monterey Shale witnessed an increase of 7.15% in total oil and gas production to 86,971.37 boe/d in June 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production in Monterey grew 9.48% in June 2020 from 79,443.97 boe/d in June 2019. On a YTD basis, the total oil and gas production in the play decreased by 25.1% from the same period in 2019.
In Monterey, oil production grew 8.27% in June 2020 as compared with the previous month, while gas production increased by 4.61% to 150.99 mmcf/d.
On a YTD basis, oil production in the play decreased by 8.31% in 2020 when compared with the same period in 2019, while gas production declined by 47.65%. Out of the total oil and gas production in June 2020, oil held a 70.07% share, while gas had a 29.93% share.
In Monterey, California Resources emerged as the largest oil and gas producer, recording a total oil and gas production at 28,154.98 boe/d in June 2020, an increase of 6.55% from the previous month. The company held a 43.65% share in oil production and 5.97% share in gas production in June 2020.
On a YTD basis, the company registered a 0.23% decrease in total oil and gas production from the same period in 2019.
Compared with other counties within Monterey Shale, Los Angeles county recorded the highest oil and gas production, holding a 77.09% share in June 2020. The county witnessed a 7.76% increase in production to 67,042.23 boe/d in June 2020 when compared with the previous month.
On a YTD basis, it registered a decline of 19.2% in total production 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.