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  1. Market Data
August 19, 2022

National Fuel Gas records 1.93% increase in production in April 2020

By Carmen

National Fuel Gas recorded an increase of 1.93% in total oil and gas production to 1,83,114.73 boe/d in April 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of National Fuel Gas declined 0.75% in April 2020 from 1,84,503.02 boe/d in April 2019.

On a YTD basis, the company’s total oil and gas production increased by 6.17% from the same period in 2019.

The company’s oil production declined 1.99% to 7,233 bd in April 2020 from the previous month, while gas production up by 2.1% to 1,020.11 mmcf/d. On a YTD basis, oil production increased by 9.98% in 2020 when compared with the same period in 2019, while gas production rose by 6.02%. Out of the total oil and gas production in April 2020, oil production held a 3.95% share, while gas production held a 96.05% share.


Looking at the states where National Fuel Gas recorded the highest oil and gas production in April 2020, Pennsylvania figured at the top. The company produced 1,74,723.04 boe/d in the state in April 2020, an increase of 2.19% from the previous month.

On a YTD basis, the company produced 7,21,418.56 boe/d in Pennsylvania in 2020, recording an increase of 1.29% from the same period in 2019.



National Fuel Gas witnessed the highest oil and gas production in Tioga county in April 2020. Out of all the counties, Tioga county held a share of 34.79% for the firm. The company produced 63,708.69 boe/d in Tioga county in April 2020, a decrease of 2.75% in production when compared with the previous month.

On a YTD basis, the county produced 2,70,357.31 boe/d for the company in 2020, a 12.55% 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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