Olipdp I recorded a decrease of 17.76% in total oil and gas production to 794.24 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Olipdp I declined 75.37% in March 2020 from 3,224.68 boe/d in March 2019.
On a YTD basis, the company’s total oil and gas production decreased by 65.58% from the same period in 2019.
The company’s oil production declined 16.36% to 709.38 bd in March 2020 from the previous month, while gas production declined by 27.94% to 0.49 mmcf/d. On a YTD basis, oil production decreased by 67.21% in 2020 when compared with the same period in 2019, while gas production declined by 41.69%. Out of the total oil and gas production in March 2020, oil production held an 89.32% share, while gas production held a 10.64% share.
Looking at the states where Olipdp I recorded the highest oil and gas production in March 2020, Oklahoma figured at the top, accounting for a 100% share. The company produced 794.24 boe/d in the state in March 2020, a decrease of 17.76% from the previous month.
On a YTD basis, the company produced 2,839.41 boe/d in Oklahoma in 2020, recording a decrease of 65.58% from the same period in 2019.
Olipdp I witnessed the highest oil and gas production in Blaine county in March 2020. Out of all the counties, Blaine county held a share of 67.6% for the firm. The company produced 536.93 boe/d in Blaine county in March 2020, a decrease of 20.83% in production when compared with the previous month.
On a YTD basis, the county produced 2,009.13 boe/d for the company in 2020, a 70.03% decrease from the same period in 2019.
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.