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August 19, 2022

Palmer Petroleum records 1.34% increase in production in April 2020

By Carmen

Palmer Petroleum recorded an increase of 1.34% in total oil and gas production to 379.6 boe/d in April 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Palmer Petroleum grew 10.67% in April 2020 from 343 boe/d in April 2019.

On a YTD basis, the company’s total oil and gas production increased by 23.31% from the same period in 2019.

The company’s oil production grew 0.03% to 332.07 bd in April 2020 from the previous month, while gas production up by 12% to 0.28 mmcf/d. On a YTD basis, oil production increased by 26.37% in 2020 when compared with the same period in 2019, while gas production rose by 3.96%. Out of the total oil and gas production in April 2020, oil production held an 87.48% share, while gas production held a 12.72% share.


Looking at the states where Palmer Petroleum recorded the highest oil and gas production in April 2020, Alabama figured at the top, accounting for a 68.37% share. The company produced 174.48 boe/d in the state in April 2020, an increase of 23.91% from the previous month.

On a YTD basis, the company produced 643.3 boe/d in Alabama in 2020, recording a decrease of 50.22% from the same period in 2019.



Palmer Petroleum witnessed the highest oil and gas production in Monroe county in April 2020. Out of all the counties, Monroe county held a share of 45.96% for the firm. The company produced 174.48 boe/d in Monroe county in April 2020, an increase of 23.91% in production when compared with the previous month.

On a YTD basis, the county produced 643.3 boe/d for the company in 2020, a 148.82% increase 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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