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September 15, 2022

Mowry Shale production declined by 16.27% in May 2020

By Carmen

Mowry Shale witnessed a decrease of 16.27% in total oil and gas production to 18,001 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production in Mowry declined 36.76% in May 2020 from 28,464.16 boe/d in May 2019. On a YTD basis, the total oil and gas production in the play decreased by 13.17% from the same period in 2019.

In Mowry, oil production declined 18.47% in May 2020 as compared with the previous month, while gas production decreased by 4.04% to 18.28 mmcf/d.

On a YTD basis, oil production in the play decreased by 13.41% in 2020 when compared with the same period in 2019, while gas production declined by 11.66%. Out of the total oil and gas production in May 2020, oil held an 82.49% share, while gas had a 17.51% share.


In Mowry, Merit Energy emerged as the largest oil and gas producer, recording a total oil and gas production at 13,101.99 boe/d in May 2020, a decrease of 8.14% from the previous month. The company held a 79.1% share in oil production and 43.05% share in gas production in May 2020.

On a YTD basis, the company registered a 9.9% decrease in total oil and gas production from the same period in 2019.



Compared with other counties within Mowry Shale, Park county recorded the highest oil and gas production, holding a 64.61% share in May 2020. The county witnessed a 17.19% decrease in production to 11,630.59 boe/d in May 2020 when compared with the previous month.

On a YTD basis, it registered a decline of 14.14% 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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