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September 16, 2022

Nugulf Operating records 18.24% decrease in production in May 2020

By Carmen

Nugulf Operating recorded a decrease of 18.24% in total oil and gas production to 272.73 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Nugulf Operating declined 64.6% in May 2020 from 770.32 boe/d in May 2019.

On a YTD basis, the company’s total oil and gas production decreased by 62.21% from the same period in 2019.

The company’s oil production declined 25.07% to 50.45 bd in May 2020 from the previous month, while gas production declined by 16.23% to 1.29 mmcf/d. On a YTD basis, oil production decreased by 59.36% in 2020 when compared with the same period in 2019, while gas production declined by 62.85%. Out of the total oil and gas production in May 2020, oil production held an 18.5% share, while gas production held an 81.55% share.


Looking at the states where Nugulf Operating recorded the highest oil and gas production in May 2020, Louisiana figured at the top, accounting for a 100% share. The company produced 272.73 boe/d in the state in May 2020, a decrease of 18.24% from the previous month.

On a YTD basis, the company produced 1,541.08 boe/d in Louisiana in 2020, recording a decrease of 62.21% from the same period in 2019.



Nugulf Operating witnessed the highest oil and gas production in Lafourche county in May 2020. Out of all the counties, Lafourche county held a share of 100% for the firm. The company produced 272.73 boe/d in Lafourche county in May 2020, a decrease of 18.24% in production when compared with the previous month.

On a YTD basis, the county produced 1,541.08 boe/d for the company in 2020, a 62.21% 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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