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July 18, 2022

NBX Energy records 15.01% decrease in production in March 2020

By Carmen

NBX Energy recorded a decrease of 15.01% in total oil and gas production to 2,188.7 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of NBX Energy grew 154.69% in March 2020 from 859.37 boe/d in March 2019.

On a YTD basis, the company’s total oil and gas production increased by 254.07% from the same period in 2019.

The company’s oil production declined 14.49% to 1,968.87 bd in March 2020 from the previous month, while gas production declined by 19.62% to 1.27 mmcf/d. On a YTD basis, oil production increased by 241.48% in 2020 when compared with the same period in 2019, while gas production rose by 428.57%. Out of the total oil and gas production in March 2020, oil production held an 89.96% share, while gas production held a 10% share.


Looking at the states where NBX Energy recorded the highest oil and gas production in March 2020, Texas figured at the top, accounting for a 100% share. The company produced 2,188.7 boe/d in the state in March 2020, a decrease of 15.01% from the previous month.

On a YTD basis, the company produced 7,602.83 boe/d in Texas in 2020, recording an increase of 254.07% from the same period in 2019.



NBX Energy witnessed the highest oil and gas production in Haskell county in March 2020. Out of all the counties, Haskell county held a share of 92.26% for the firm. The company produced 2,019.2 boe/d in Haskell county in March 2020, a decrease of 17.14% in production when compared with the previous month.

On a YTD basis, the county produced 7,088.05 boe/d for the company in 2020, a 230.1% increase 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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