ORX Resources recorded a decrease of 1.1% in total oil and gas production to 5,621.52 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of ORX Resources declined 27.37% in May 2020 from 7,739.86 boe/d in May 2019.
On a YTD basis, the company’s total oil and gas production decreased by 23.47% from the same period in 2019.
The company’s oil production declined 28.94% to 655.88 bd in May 2020 from the previous month, while gas production up by 6.07% to 26.89 mmcf/d. On a YTD basis, oil production decreased by 15.13% in 2020 when compared with the same period in 2019, while gas production declined by 24.04%. Out of the total oil and gas production in May 2020, oil production held an 11.67% share, while gas production held an 82.47% share.
Looking at the states where ORX Resources recorded the highest oil and gas production in May 2020, Louisiana figured at the top, accounting for a 67.67% share. The company produced 3,352.82 boe/d in the state in May 2020, an increase of 1.37% from the previous month.
On a YTD basis, the company produced 17,335.47 boe/d in Louisiana in 2020, recording a decrease of 55.51% from the same period in 2019.
ORX Resources witnessed the highest oil and gas production in Pointe Coupee county in May 2020. Out of all the counties, Pointe Coupee county held a share of 28.01% for the firm. The company produced 1,574.57 boe/d in Pointe Coupee county in May 2020, an increase of 25.81% in production when compared with the previous month.
On a YTD basis, the county produced 6,830.65 boe/d for the company in 2020, a 24.61% 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.