Pacific Coast Energy recorded a decrease of 7.46% in total oil and gas production to 1,807.84 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Pacific Coast Energy declined 39.07% in May 2020 from 2,966.92 boe/d in May 2019.
On a YTD basis, the company’s total oil and gas production decreased by 22.66% from the same period in 2019.
The company’s oil production declined 7.27% to 1,560.79 bd in May 2020 from the previous month, while gas production declined by 8.92% to 1.43 mmcf/d. On a YTD basis, oil production decreased by 22.55% in 2020 when compared with the same period in 2019, while gas production declined by 23.38%. Out of the total oil and gas production in May 2020, oil production held an 86.33% share, while gas production held a 13.64% share.
Looking at the states where Pacific Coast Energy recorded the highest oil and gas production in May 2020, California figured at the top, accounting for a 100% share. The company produced 1,807.84 boe/d in the state in May 2020, a decrease of 7.46% from the previous month.
On a YTD basis, the company produced 11,746.24 boe/d in California in 2020, recording a decrease of 22.66% from the same period in 2019.
Pacific Coast Energy witnessed the highest oil and gas production in Santa Barbara county in May 2020. Out of all the counties, Santa Barbara county held a share of 77.38% for the firm. The company produced 1,398.83 boe/d in Santa Barbara county in May 2020, a decrease of 6.81% in production when compared with the previous month.
On a YTD basis, the county produced 9,624.43 boe/d for the company in 2020, a 24.88% 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.