Owl Operating Ventures recorded a decrease of 56.3% in total oil and gas production to 190.26 boe/d in April 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Owl Operating Ventures declined 61.73% in April 2020 from 497.15 boe/d in April 2019.
On a YTD basis, the company’s total oil and gas production decreased by 25.5% from the same period in 2019.
The company’s oil production declined 63.59% to 73.72 bd in April 2020 from the previous month, while gas production declined by 49.63% to 0.68 mmcf/d. On a YTD basis, oil production decreased by 28.62% in 2020 when compared with the same period in 2019, while gas production declined by 22.82%. Out of the total oil and gas production in April 2020, oil production held a 38.75% share, while gas production held a 61.62% share.
Looking at the states where Owl Operating Ventures recorded the highest oil and gas production in April 2020, Texas figured at the top, accounting for a 100% share. The company produced 190.26 boe/d in the state in April 2020, a decrease of 56.3% from the previous month.
On a YTD basis, the company produced 1,516.24 boe/d in Texas in 2020, recording a decrease of 25.5% from the same period in 2019.
Owl Operating Ventures witnessed the highest oil and gas production in Sterling county in April 2020. Out of all the counties, Sterling county held a share of 83.76% for the firm. The company produced 159.36 boe/d in Sterling county in April 2020, a decrease of 54.1% in production when compared with the previous month.
On a YTD basis, the county produced 1,226.02 boe/d for the company in 2020, a 23.23% 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.