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  1. Market Data
August 19, 2022

Olipdp I records 15.81% increase in production in April 2020

By Carmen

Olipdp I recorded an increase of 15.81% in total oil and gas production to 919.83 boe/d in April 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Olipdp I declined 64.44% in April 2020 from 2,587.06 boe/d in April 2019.

On a YTD basis, the company’s total oil and gas production decreased by 65.31% from the same period in 2019.

The company’s oil production grew 17.86% to 836.08 bd in April 2020 from the previous month, while gas production stood at 0.49 mmcf/d. On a YTD basis, oil production decreased by 66.89% in 2020 when compared with the same period in 2019, while gas production declined by 41.34%. Out of the total oil and gas production in April 2020, oil production held a 90.9% share, while gas production held a 9.18% share.


Looking at the states where Olipdp I recorded the highest oil and gas production in April 2020, Oklahoma figured at the top, accounting for a 100% share. The company produced 919.83 boe/d in the state in April 2020, an increase of 15.81% from the previous month.

On a YTD basis, the company produced 3,759.24 boe/d in Oklahoma in 2020, recording a decrease of 65.31% from the same period in 2019.



Olipdp I witnessed the highest oil and gas production in Blaine county in April 2020. Out of all the counties, Blaine county held a share of 72.41% for the firm. The company produced 666.02 boe/d in Blaine county in April 2020, an increase of 24.04% in production when compared with the previous month.

On a YTD basis, the county produced 2,675.15 boe/d for the company in 2020, a 69.78% 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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