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September 16, 2022

Nadel & Gussman Oil records 1.1% decrease in production in May 2020

By Carmen

Nadel & Gussman Oil recorded a decrease of 1.1% in total oil and gas production to 10,172.93 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Nadel & Gussman Oil declined 28.98% in May 2020 from 14,323.04 boe/d in May 2019.

On a YTD basis, the company’s total oil and gas production decreased by 3.46% from the same period in 2019.

The company’s oil production declined 25.66% to 594.22 bd in May 2020 from the previous month, while gas production up by 0.95% to 55.54 mmcf/d. On a YTD basis, oil production decreased by 0.82% in 2020 when compared with the same period in 2019, while gas production declined by 3.65%. Out of the total oil and gas production in May 2020, oil production held a 5.84% share, while gas production held a 94.13% share.


Looking at the states where Nadel & Gussman Oil recorded the highest oil and gas production in May 2020, Louisiana figured at the top, accounting for a 1.81% share. The company produced 9,749.46 boe/d in the state in May 2020, an increase of 0.32% from the previous month.

On a YTD basis, the company produced 56,802.86 boe/d in Louisiana in 2020, recording a decrease of 8.68% from the same period in 2019.



Nadel & Gussman Oil witnessed the highest oil and gas production in Lincoln county in May 2020. Out of all the counties, Lincoln county held a share of 92.49% for the firm. The company produced 9,409.23 boe/d in Lincoln county in May 2020, an increase of 0.94% in production when compared with the previous month.

On a YTD basis, the county produced 54,739.04 boe/d for the company in 2020, a 1.5% 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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